ECB's de Guindos: Inflation will undoubtably fall

ECB de Guindos is on the wires saying:

• Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term will undoubtably fall.
• I am worried about core inflation and services
• Economic slowdown will curb corporate profits.
• Underlying inflation will fall too.
• We have to assess impact of interest rate hikes on finance conditions.
• Next step is to assess impact on aggregate demand
• We have to avoid a preset course.
• There can be more rate hikes, how many will depend on data.
• Rate decision had a very high consensus
• Expect positive GDP growth in Q2 and Q3
• Does not expect a recession

Somewhat non-committal on rates, but still concerned about service/core inflation.