UK markets open in 6 hours 57 minutes
  • NIKKEI 225

    27,819.33
    -180.63 (-0.65%)
     
  • HANG SENG

    20,082.43
    +471.59 (+2.40%)
     
  • CRUDE OIL

    93.97
    -0.37 (-0.39%)
     
  • GOLD FUTURES

    1,804.90
    -2.30 (-0.13%)
     
  • DOW

    33,336.67
    +27.16 (+0.08%)
     
  • BTC-GBP

    19,646.91
    -90.45 (-0.46%)
     
  • CMC Crypto 200

    568.09
    -6.65 (-1.16%)
     
  • ^IXIC

    12,779.91
    -74.89 (-0.58%)
     
  • ^FTAS

    4,131.26
    -19.42 (-0.47%)
     

ECB's De Cos says risks to inflation outlook in eurozone have intensified

·1-min read
FILE PHOTO: Illumination at ECB headquarters for the Euro's 20th anniversary in Frankfurt, Germany

MADRID (Reuters) - Risks to the inflation outlook in the eurozone remain on the upside and have intensified, particularly in the short term, European Central Bank policymaker Pablo Hernandez de Cos said on Tuesday.

De Cos said risks included "lasting deterioration" of the eurozone's economy and persistently high energy and food prices.

The ECB raised its interest rates for the first time in 11 years on Thursday and guided for more hikes at its upcoming meetings.

De Cos said the bank's future interest rate policy would be taken at each meeting.

(Reporting by Jesús Aguado; editing by Emma Pinedo and Corina Pons)

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