Free Trial

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

(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.

True

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
93 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

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