Scholar: The European Central Bank will release a signal of maintaining vigilance at this week's meeting.

Dirk Schumacher, Chief Economist of Deutsche Bank, stated in a report that the increase in energy prices alone should not trigger a rate hike by the European Central Bank. "Monetary policy tightening only becomes inevitable when the second-round effects become self-reinforcing," he said. At present, the duration of this rise is too short and the data is too fuzzy to compel a response from the European Central Bank. However, Schumacher stated that if necessary, the bank will signal its readiness to tighten monetary policy at any time. He said, "Therefore, the word 'vigilance' is likely to be the most commonly used term at ECB President Christine Lagarde's press conference on Thursday."