Market Is Far Too Optimistic on Euro-Area Inflation, Botin Says

Investors are overly confident that euro-area consumer price growth will be tamed, according to Banco Santander SA Chairman Ana Botin.

“The market is way, way, way too optimistic on inflation,” she said late on Monday, speaking at the European School of Management and Technology Berlin. It’s “a lot harder to get to 2% from 3% than from 4% to 3% or from 5% to 4%,” she said.