ECB's de Guindos: Underlying inflation to accelerate in the medium-term
Comments by ECB vice president, Luis de Guindos
- But expects Eurozone inflation to continue to slow in the next few months
- ECB will be prudent in setting monetary policy
We've been hearing this same old story for quite some time now. Recent reports have shown that inflation has been suffering a little but core inflationary pressures have been holding up. That's about the only positive takeaway from recent data; that inflation is barely keeping up though the trend isn't really remarkably worth noting to justify rate hikes.