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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.
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