October 03, 2024 09:25 GMT
ECB: Escriva Focuses On Services Inflation Despite Middle-East Risks
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Initial write-up from our policy team on comments from Bank of Spain Governor Escriva:
“The European Central Bank should focus on the most stable components of inflation like services and core, despite any movements in energy prices triggered by tensions in the Middle East, Bank of Spain Governor Jose Luis Escriva said in a radio interview on Thursday.
The most volatile elements of prices should be monitored but "are less relevant for interest rates criteria," he said, adding that factors such as these have provided positive surprises in the past months”
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