Central Banks
Euro-Zone Inflation May Temporarily Rebound, ECB’s Guindos Says
- ‘Premature’ to discuss interest-rate cuts, vice president says
- ‘Energy prices remain a major source of uncertainty’
Shoppers and commuters in Nuremberg, Germany.
Photographer: Ben Kilb/BloombergThis article is for subscribers only.
European Central Bank Vice President Luis de Guindos warned that consumer-price growth may pick up again temporarily, though its prevailing direction is downwards.
Speaking to the Frankfurt Euro Finance Week on Monday, he said that the euro-zone economy will stay subdued for now though it should then strengthen again, while there are signs that the labor market is starting to weaken.