ECB’s Sleijpen: The central bank can tolerate a small inflation overshoot

European Central Bank (ECB) policymaker and Dutch central bank chief Olaf Sleijpen said in an interview with Reuters that the monetary policy is in a good place and the central bank can handle slight inflation overshoot.

Remarks

Just like the case of undershooting, we can also tolerate a small inflation overshoot.

I haven't dramatically changed my view on policy outlook.

We are still in a good place.

We have learnt lessons from 2021/22 but comparisons with the current situation are not entirely valid.

Comfortable holding gold reserves at the Fed, confident in the Fed's swap lines.