Economy
ECB’s de Guindos says market might be underestimating inflation
FILE PHOTO: Vice-President of the European Central Bank (ECB) Luis de Guindos gives a statement during the second day of the Informal Meeting of EU Ministers for Economics and Financial Affairs in Berlin, Germany September 12, 2020. Odd Andersen/Pool via
FRANKFURT (Reuters) — Financial investors might be underestimating the «persistence of inflation», the European Central Bank’s vice-president Luis de Guindos said on Friday as he listed possible risks to financial stability.
He added there needed to be a clear deceleration in headline and underlying inflation for expectations about future ECB interest rate hikes to stabilise.
