LISBON—Lingering uncertainty about rising inflation requires close monitoring by the European Central Bank, which sees it as a temporary trend, but it must be prepared to act flexibly, ECB Governing Council member Mario Centeno said on Thursday.
“Concerning the monetary policy the best answer to uncertainty is to keep close monitoring, a steady hand and stand ready to act flexibly,” he told an online conference in Lisbon, adding that the bank had tools to respond “with agility and effectiveness”.
