Eurozone inflation remains high for longer than expected, ECB member Peter Kazimir said, adding that he was warning those who were concerned about rising price pressures.
The ECB last week extended stimulus measures despite high inflation, arguing that price pressures will subside and inflation will be below 2% from the fourth quarter of 2022.
Some members of the ECB have pressed the central bank to acknowledge the rising risks to inflation, and several, including central bank governors in Germany, Portugal and Lithuania, have already warned the public about the risk of inflation.
“What applies to Slovakia also applies to the eurozone as a whole. There is a risk, and this risk is not small, that high inflation will stay with us for a long time,” said Kazimir, its central banker. Slovakia.
He added that he is among those policymakers who see the risk of rising prices ending higher than expected.
“The eurozone may be struggling with higher levels of inflation for longer,” Kazimir said.
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Source From: Capital
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