ECB Needs At Least Two More Significant Rate Hikes: Knot

The transcript discusses the current economic policy stance, focusing on interest rate adjustments and the challenges of determining a neutral rate. It highlights the need for further rate hikes to reach plausible estimates for neutrality. The European Central Bank (ECB) is portrayed as unified in its approach to tackling high inflation, emphasizing the necessity of continued efforts to stabilize the economy. The discussion also touches on the uncertainty in financial markets and the ECB's commitment to its mandate.

In what way does the speaker describe the unity of the ECB compared to 2008?

What does the speaker imply about the efforts required to address inflation?