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MNI BRIEF: Inflation On Track, But Must Keep Guard- De Guindos

(MNI) ROME
(MNI) Rome

ECB's de Guindos says EZ inflation on track for target, but policymakers 'must not get ahead of themselves'.

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Eurozone’s inflation is “on the right track” towards returning to 2% target and the trend is evident in both market and surveyed measures of inflation expectations, ECB Vice President, Luis de Guindos, said in a speech on Wednesday, but a risk remains from wages and profit margins that are “more resilient than anticipated”.

“While we are heading in the right direction, we must not get ahead of ourselves”, he said at an event inin Split, adding that it will take more time before confirming inflation is returning to 2% sustainably. (see MNI INTERVIEW: Beware Temporary Inflation Dip- ECB's Kazaks)

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Eurozone’s inflation is “on the right track” towards returning to 2% target and the trend is evident in both market and surveyed measures of inflation expectations, ECB Vice President, Luis de Guindos, said in a speech on Wednesday, but a risk remains from wages and profit margins that are “more resilient than anticipated”.

“While we are heading in the right direction, we must not get ahead of ourselves”, he said at an event inin Split, adding that it will take more time before confirming inflation is returning to 2% sustainably. (see MNI INTERVIEW: Beware Temporary Inflation Dip- ECB's Kazaks)

Keep reading...Show less