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Spain’s Core Inflation Set to Keep Accelerating, Top Banker Says

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Caixabank CEO on 1Q Earnings, Rising Rates
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Spain’s core inflation is likely to continue accelerating, according to the country’s largest domestic bank.

The government is taking the right measures to contain energy prices but “inflation is something we need to fight and it’s not a fight that is won in a week, a month or so, so it’s going to be with us for some time,” CaixaBank SA Chief Executive Officer Gonzalo Gortazar said in an interview Friday with Bloomberg TV. “We still have some room for further increases in core inflation” after having been “very high” in April,  he said.