<ul><li>Probability of recession is increasing</li><li>Recession would mitigate inflation pressures</li><li>We may have to adjust monetary policy stance further</li></ul><p style=““ class=“text-align-justify“>It’s not much and it isn’t coming from too prominent a policymaker within the central bank but this is something fresh at least. The ECB has been adamant that it will keep up the good fight against inflation but as a recession looms just around the corner, the window to keep tightening is surely closing in on the central bank.</p>

This article was written by Justin Low at www.forexlive.com.