UK Markets open in 1 hr 53 mins
  • NIKKEI 225

    28,769.91
    -90.71 (-0.31%)
     
  • HANG SENG

    24,233.73
    +236.86 (+0.99%)
     
  • CRUDE OIL

    72.97
    +0.61 (+0.84%)
     
  • GOLD FUTURES

    1,786.70
    +1.20 (+0.07%)
     
  • DOW

    35,754.75
    +35.32 (+0.10%)
     
  • BTC-GBP

    37,750.63
    -642.82 (-1.67%)
     
  • CMC Crypto 200

    1,302.57
    -2.55 (-0.20%)
     
  • Nasdaq

    15,786.99
    +100.07 (+0.64%)
     
  • ^FTAS

    4,177.65
    -1.11 (-0.03%)
     

ECB must be attentive and vigilant on inflation: de Guindos

·1-min read
FILE PHOTO: European Central Bank holds a news conference in Frankfurt

FRANKFURT (Reuters) - The European Central Bank must be "attentive" and "vigilant" with regard to inflation as a lingering price shock could seep into underlying price growth via wages, ECB Vice President Luis de Guindos said on Wednesday.

De Guindos said that inflation expectations remain anchored but if industrial bottlenecks last longer than now expected and energy prices continue to rise, inflation could exceed projections and put pressure on wages.

"We have to attentive, we have to be very vigilant, we have to avoid as much as possible these second round effects," de Guindos told a news conference. "It’s very important to avoid this wage-price spiral."

(Reporting by Balazs Koranyi; Editing by Toby Chopra)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting