ECB's de Guindos: Inflation could peak around November

Author: Justin Low | Category: Central Banks

Remarks by ECB vice president, Luis de Guindos

  • Inflation could peak at around 3.4% to 3.5%
  • Have not seen indication that wages are on the rise
  • Need to be vigilant to upside surprise on inflation
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The part on wages is just a roundabout way of saying that the surge in inflation is still largely due to more transient factors, which reaffirms the ECB's 'transitory' stance.

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