DUBLIN (Reuters) -European Central Bank policy is in a “good place” the Dutch and Irish central bank governors said on Tuesday, repeating the bank’s long-standing mantra that has kept expectations for further rate cuts muted.
“When it comes to inflation itself… I think we’re in a good place right now,” Irish central bank chief Gabriel Makhlouf told a conference, echoing the words of Olaf Sleijpen at the same event in Dublin.
“I do worry a bit about where services inflation sits, which is higher than it should be. I do worry a bit as to what I see happening to food inflation,” Makhlouf added.
(Reporting by Padraic Halpin; writing by Balazs Koranyi; editing by Andrew Heavens)