ECB’s Guindos Sees Inflation at Current Levels for 3 or 4 Months

European Central Bank Vice President Luis de Guindos expects euro-area inflation to stay at current levels for a few more months.

“Inflation may be three or four months at these levels, but we will have a clear slowdown in the first quarter of 2023,” Guindos said in Madrid on Friday. “We see that inflation is beginning to slow down, but it has to be stable, continuous over time. We cannot have an M-shaped evolution.”