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MNI BRIEF: No Return To Below-Target Inflation - De Guindos

(MNI) LONDON
(MNI) London

ECB's De Guindos tells an MNI event that inflation won't fall consistently to below-target levels for the remainder of his term.

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Inflation is unlikely to return to the below-target levels seen in the years between the Global Financial Crisis and the pandemic, ECB Vice President Luis de Guindos told an MNI Connect livestreamed event on Wednesday.

"A personal view, I don't think inflation will fall back consistently to levels around 1%, certainly not in the remainder of my term as Vice President," De Guindos said. (See MNI INTERVIEW: Eurozone Wage Growth Heads For ECB Comfort Zone)

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Inflation is unlikely to return to the below-target levels seen in the years between the Global Financial Crisis and the pandemic, ECB Vice President Luis de Guindos told an MNI Connect livestreamed event on Wednesday.

"A personal view, I don't think inflation will fall back consistently to levels around 1%, certainly not in the remainder of my term as Vice President," De Guindos said. (See MNI INTERVIEW: Eurozone Wage Growth Heads For ECB Comfort Zone)

Keep reading...Show less