Inflation is not going to fall below 2% in 2022, said ECB Vice President Luis de Guidos, noting that for the time being wages are unable to keep up with rising prices.
In particular, according to Reuters, the Vice President of the ECB, commenting on the winter forecasts to the Commission, noted that the bank will publish its own estimates in March, but said that “the European Commission forecast is realistic and inflation will not fall below 2% in 2022 “.
Mr Guido said wage growth in the eurozone had so far not kept pace with inflation, but added that wage negotiations – and higher increases – may have been delayed by the pandemic.
Source: Capital
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