ECBS DE GUINDOS: PRICE OUTLOOK SURROUNDED BY SUBSTANTIAL RISKS
The European Central Bank (ECB) Vice President Luis de Guindos said on Monday that the central bank has made significant progress in bringing down inflation but can’t declare victory just yet, per Bloomberg.
Key quotes
Price outlook surrounded by substantial risks
Inflation to decline to target next year
Domestic inflation remains high though moderating
Risks to growth outlook elevated and tilted to the downside.
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