Guindos Says Accelerating Services Inflation a Worry for ECB
- Vice president says too soon to say where ECB will pause rates
- Estonia’s Muller pushes back on idea of cuts in early 2024
This article is for subscribers only.
European Central Bank Vice President Luis de Guindos said he’s particularly concerned about the accelerating inflation in service industries as policymakers weigh how much further to raise interest rates.
Guindos reiterated that the ECB is focused on core inflation as a key indicator of underlying price trends and highlighted the strength of the services sector.