ECB may have done enough to fight off inflation: de Cos
FILE PHOTO: A view shows the board of the European Central Bank (ECB) building in Frankfurt, Germany, September 14, 2023. REUTERS/Wolfgang Rattay/File Photo
MARRAKECH (Reuters) - The European Central Bank may have done enough to fight off inflation but needs to keeps its options open in case new shocks throw price growth off its current trajectory, Spanish central bank chief Pablo Hernandez de Cos said on Wednesday.
De Cos, an influential voice on the 26-member rate-setting Governing Council, added that economic growth is so weak that a contraction is possible for the current quarter but a recovery in real incomes will drive a recovery next year.
(Reporting by Balazs Koranyi; Editing by Andrew Heavens)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- CPI (Jul MoM) 0.1% vs 0.1% Expected; Ex-food and Energy 0.2% vs 0.2%
- Morning Bid: Retail risk
- Fed to hold interest rates this year, economists say, sticking to their view: Reuters poll
Create E-mail Alert Related Categories
Forex, ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share