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Free AccessMNI POLICY: ECB Mersch Sees EZ Econ Steady, But Growing Risks
LONDON (MNI) - Risks to growth in the Eurozone remain broadly balanced and
underlying inflation is subdued, European Central Bank Executive Board member
Yves Mersch said in prepared remarks at an MNI Connect event in Singapore.
Global factors, including the threat of increased protectionism, the
finalisation of the Brexit negotiations and vulnerabilities in emerging markets
are gaining prominence as risks to growth, he said.
Price pressures are picking up from previous lows, he noted, and tightening
labour markets should lead to higher nominal wage growth, which in turn should
support underlying inflation.
MORE
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$X$$$,MT$$$$,M$$EC$]
To read the full story
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Please enter your details below.
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.