Economics

ECB’s Knot Warns Euro-Area Price Surge May Exceed Expectations

Odds of higher prices good news after prolonged low inflation
Lagarde sees no evidence yet of second-round effects

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By Carolynn Look

October 14, 2021 at 12:35 PM UTC

Updated on

October 14, 2021 at 1:36 PM UTC

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European Central Bank policy maker Klaas Knot stepped up his warnings about inflationary risks in the euro area, saying prices could rise faster than expected because of supply disruptions and a pickup in wages.