Home Business ECB’s de Guindos sees structural driver in inflation rise By Reuters

ECB’s de Guindos sees structural driver in inflation rise By Reuters

12
0


© Reuters. FILE PHOTO: European Central Financial institution (ECB) Vice-President Luis de Guindos attends an European Union finance ministers assembly in Brussels, Belgium January 21, 2020. REUTERS/Johanna Geron//File Photograph

FRANKFURT (Reuters) – The current rise in euro zone inflation has a structural driver in provide disruptions and the European Central Financial institution has to observe for any signal of second-round results on wages, ECB vice-president Luis de Guindos mentioned on Monday.

“This inflation enhance will not be solely responding to base results however can also be a element that’s going to have a extra structural affect,” de Guindos advised a Spanish occasion, citing provide bottlenecks, distortions within the markets for items and companies and better power prices.

“That is having an affect that goes past what we have been anticipating only some months in the past.”

Disclaimer: Fusion Media wish to remind you that the info contained on this web site will not be essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs should not offered by exchanges however moderately by market makers, and so costs will not be correct and should differ from the precise market worth, that means costs are indicative and never acceptable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any duty for any buying and selling losses you would possibly incur on account of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or harm on account of reliance on the knowledge together with knowledge, quotes, charts and purchase/promote alerts contained inside this web site. Please be totally knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is among the riskiest funding kinds attainable.