ECB still sees inflation risks so rate cut talk too early - vice president
© Reuters. FILE PHOTO: European Central Bank Vice-President Luis de Guindos arrives at the Presidential Palace for a meeting with Cyprus President Nikos Christodoulides in Nicosia, Cyprus, October 4, 2023. REUTERS/Yiannis Kourtoglou/File Photo
FRANKFURT - It is premature to discuss European Central Bank rate cuts as there are still some risks to the inflation outlook, particularly for underlying prices, ECB Vice President Luis de Guindos said in a newspaper interview. Energy price increase, the weakening of the euro and rising unit labour costs are all potential threats for consumer price inflation, which is already down to 2.9% but will need until 2025 to fall back to 2%, Luis de Guindos was quoted by Slovenia's Finance on Thursday as saying.
"It is essential to focus on core inflation, for which there are several risks," de Guindos said."Any discussion about lowering interest rates is clearly premature."We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.
{username} Just Now Share Follow this postUnfollow this post Save Saved. See Saved Items . This comment has already been saved in your Saved Items Author's response{commentContent} Reply 00 Report {username} Just NowAuthor's response Share Follow this postUnfollow this post Save Saved. See Saved Items .
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ECB needs more progress on underlying inflation, Lane saysECB needs more progress on underlying inflation, Lane says
Read more »
ECB’s Makhlouf: Impact of inflation, monetary tightening on borrower resilience are becoming visibleEuropean Central Bank (ECB) policymaker Gabriel Makhlouf said on Wednesday, “early signals of the impact of inflation and monetary tightening on borrower resilience are becoming visible among Tracker mortgages, personal loans and certain corporate lending segments.” 'Having said that there is huge uncertainty as to what lies ahead.
Read more »
Euro zone consumers raise inflation expectations in headache for ECBEuro zone consumers raise inflation expectations in headache for ECB
Read more »