Guindos (ECB): Inflation will decline in 2022, albeit at a slower pace

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Eurozone inflation is expected to decline next year as the drivers of the rise remain temporary, although the slowdown will be slower than previously expected, European Central Bank Vice President Luis de Guindos said today. broadcasts Reuters.

“Inflation next year will undoubtedly slow down, but the intensity of the fall may not be what we expected a few months ago,” he told Spanish radio station Onda Cero.

THE Inflation exceeded 4% last month, double the ECB ‘s target for 2% inflation in the medium term, and is expected to move to even higher levels in the coming months due to the rally in energy and transport prices.

The vice president of the ECB also said that the central bank will decide in December what will happen after the end of the emergency pandemic program (PEPP), which is expected to be completed in March.

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Source From: Capital

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