Economics
ECB’s De Cos Flags War’s Downside Risk to Prices in Medium Term
- Dent to real incomes could weigh on inflation down the line
- Wage pact could help ease pressures in Spain, De Cos says
Pablo Hernandez de Cos
Photographer: Zach Gibson/BloombergThis article is for subscribers only.
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The war in Ukraine could weigh on the euro-zone economy and drag down inflation in the coming years -- even as prices soar in the short term, according to European Central Bank Governing Council member Pablo Hernandez de Cos.