tweet at 7:40am: BOE'S PILL: UK INFLATION MAY BE BECOMING MORE PERSISTENT. tweet at 7:42am: BOE'S PILL: TWO MEMBERS OF THE MPC DID NOT SIGN UP TO GUIDANCE BECAUSE THEY FELT WE MIGHT HAVE ALREADY DONE ENOUGH.

tweet at 9:01am: @FrankElderson: Russia’s horrific war in Ukraine has shown how vulnerable Europe is as a result of our dependency on fossil fuels. We all need to do our part to speed up the green transition to reduce these dependencies and protect people from energy price spikes #AskECB https://t.co/L5AhDVk81N tweet at 9:05am: @FrankElderson: Surging energy prices are the main reason for current high inflation, but supply bottlenecks are also playing a role. While higher interest rates would not solve this, we have to ensure that high inflation does not get entrenched in people’s expectations #AskECB https://t.co/NZX5Hp2iJQ tweet at 9:03am: @FrankElderson: We hear people’s concerns and take them seriously. Inflation is very high at the moment, which is particularly hard on people with low incomes. We will decide on the next step for the normalisation of our policies in June #AskECB https://t.co/DQBfyLmSK8 tweet at 9:07am: @FrankElderson: Housing price statistics for the euro area are prepared by Eurostat, and that’s the data we look at. There is quite a bit of variation in house price growth between countries. For a recent release, see here https://t.co/AQJLFBH63E #AskECB https://t.co/f5cg9xAyBr tweet at 9:19am: @FrankElderson: Weaker incoming data don’t suggest so far that we’re entering a recession and we expect inflation to decline – all depending on how the war evolves and the impact of sanctions. We will decide on the next step for the normalisation of our policies in June #AskECB https://t.co/9rGXHYcHYP