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MNI BRIEF: Geopolitical Uncertainty Main Risk To Disinflation

(MNI) ROME
(MNI) Rome

Bank of Spain Governor says June ECB rate cut 'barring shocks'

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Uncertainty over geopolitical tension is the biggest risk for the euro area's disinflation process and bringing inflation back to the 2% target, Bank of Spain Governor Pablo Hernandez de Cos said Tuesday.

Speaking in Madrid, de Cos said decelarion in inflation this year will be slower than in 2023 due to base effects, subsidy withdrawals and persistence of service inflation.

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Uncertainty over geopolitical tension is the biggest risk for the euro area's disinflation process and bringing inflation back to the 2% target, Bank of Spain Governor Pablo Hernandez de Cos said Tuesday.

Speaking in Madrid, de Cos said decelarion in inflation this year will be slower than in 2023 due to base effects, subsidy withdrawals and persistence of service inflation.

Keep reading...Show less