Stock Groups

Euro zone inflation will come down even if more slowly, ECB’s de Guindos says -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO. Luis de Guindos (Vice-President) of the European Central Bank, gives a speech during day two of the Informal Meeting EU Ministers for Economics & Financial Affairs in Berlin Germany on September 12, 2020. Odd Andersen/Pool

MADRID, Reuters – Although the reasons for the Euro zone’s inflation are temporary, it is expected that the level of the decline will slow down next year. Luis de Guindos (Vice President European Central Bank) stated on Friday.

He said that although inflation will slow next year, the pace of fall was not as intense as we had expected.

Last month’s inflation was above 4%, which is more than double the ECB target of 2%. It will continue to rise in the months ahead due to rising energy prices and higher shipping costs, as well as some tax increases.

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses caused by the data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]