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


© 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.”

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