- Eurozone inflation in February has been a negative surprise
- Russian invasion of Ukraine will have implications, ECB ye to fully assess them
- The most significant risks are energy shocks
Just look at oil and energy prices today and you'll get the gist. It's going to be a painful pill to swallow for European consumers, as much as they want Russia to be hit hard with sanctions. The European natural gas benchmark TTF rose to a record €194 earlier today.
