In policymaking I value prudence, data-dependence, and a strong anti-inflationary biasJune ECB cut has clearly shifted the stanceTemporary inflation undershoot possible, but wage and services pressures are evident
Radev is the Governor of the Bulgarian National Bank. From 1 January 2026 the Bulgarian National Bank will become a full member of the Eurosystem. These comments suggest he’s a hawk at heart.
Bulgaria experienced severe hyperinflation in 1996-1997, therefore much like the Germans, they care more about overshoots rather than undershoots on the inflation target.
This article was written by Giuseppe Dellamotta at www.forexlive.com.