ECB’s Vujčić: Central bank faces possibility of new inflation shocks

In an interview with CNBC on Tuesday, European Central Bank (ECB) policymaker Boris Vujčić said, the central bank “faces possibility of new inflation shocks.”

He further noted that “higher defence spending will contribute somewhat to inflation pressures.”

Market reaction

These comments have little to no impact on the Euro, as EUR/USD rises 0.15% on the day near 1.1800, as of writing.