ECB to Guide on Bonds to Avoid Market Vacuum, Says Macklow-Smith

The transcript discusses the anticipation around the phasing out of a bond buying program and the importance of central banks' communication with markets to guide expectations. It highlights the significance of low interest rates and examines inflation trends, particularly in the euro area, attributing recent spikes to fuel prices and currency fluctuations. The discussion also touches on the central bank's predictions for inflation and the economic recovery.

What role does the oil price play in the inflation context discussed?

What is the expected trend for inflation predictions in the next three years?