European Central Bank (ECB) Vice President Luis de Guindos made some comments on the inflation outlook during his appearance on Wednesday.
Key quotes
“The current higher phase of inflation could last longer than earlier thought. “
“No evidence of second-round inflation effects.”
“Bottlenecks are likely to shift growth.”
“Fully convinced that inflation will start to decline from 2022.”
“Convergence to 2% target will take a little bit longer.”
“Inflation risks moderately tilted to upside.”
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