Wednesday, February 21, 2024
HomeEconomyECB's De Cos signals further rate hikes as core inflation rises

ECB's De Cos signals further rate hikes as core inflation rises

MADRID (Reuters) – European Central Bank policymaker Pablo Hernandez de Cos said on Monday he expected core inflation in the euro zone to remain elevated for the rest of the year, leaving the door open for further interest rate hikes. .

Eurozone inflation hit a record high in March, but core price growth accelerated, Eurostat data last month showed.

“Core inflation is expected to remain elevated for the remainder of the year,” De Cos, who also chairs Spain’s central bank, told a financial event in Washington DC

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LAST NEWS

Featured NEWS