Lates News

European Central Bank Deputy Governor Luis de Guindos stated that the ECB is not far from achieving its 2% inflation target due to the strengthening of the euro and the decrease in energy costs. The Spanish official said that these two factors will create a "downward force" on consumer prices in the euro area. Although the overall impact of the US tariffs on inflation remains uncertain, he said he could not rule out that this could "eventually" lead to a slowdown in price increases.