UK markets close in 59 minutes
  • FTSE 100

    7,582.33
    -10.89 (-0.14%)
     
  • FTSE 250

    18,091.36
    -128.87 (-0.71%)
     
  • AIM

    725.18
    -3.35 (-0.46%)
     
  • GBP/EUR

    1.1555
    +0.0059 (+0.52%)
     
  • GBP/USD

    1.2195
    +0.0037 (+0.30%)
     
  • Bitcoin GBP

    21,816.72
    +279.07 (+1.30%)
     
  • CMC Crypto 200

    571.68
    +6.89 (+1.22%)
     
  • S&P 500

    4,270.77
    -3.74 (-0.09%)
     
  • DOW

    33,549.86
    -0.41 (-0.00%)
     
  • CRUDE OIL

    92.68
    -1.00 (-1.07%)
     
  • GOLD FUTURES

    1,890.60
    -0.30 (-0.02%)
     
  • NIKKEI 225

    31,872.52
    -499.38 (-1.54%)
     
  • HANG SENG

    17,373.03
    -238.84 (-1.36%)
     
  • DAX

    15,260.56
    +43.11 (+0.28%)
     
  • CAC 40

    7,099.75
    +27.96 (+0.40%)
     

Euro zone governments adding to inflation problem, ECB's Kazimir says

LJUBLJANA (Reuters) - Euro zone governments are spending too much to support households through the energy crisis, adding to already excessive inflationary pressures, European Central Bank policymaker Peter Kazimir said on Thursday.

"The measures adopted at present are often far from the transitory and targeted interventions we would like to see," Kazimir told a conference in Slovenia. "Current fiscal behaviour is in my view rapidly becoming an inflationary risk," he said.

"Pretty much all the risks are currently pointing towards higher inflation," he added.

(Reporting by Balazs Koranyi; Editing by Toby Chopra)