12/8/2021, 10:12 AM (Source: TeleTrader)
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ECB's de Guindos: High inflation could last longer than expected

European Central Bank (ECB) Vice President Luis de Guindos stated on Wednesday that the current phase of high inflation could last longer than previously expected.

De Guindos asserted that there is currently no evidence of second-round inflation effects, but admitted that supply bottlenecks are likely to shift growth.

De Guindos' comments are in line with his previous statements on the matter, while some of his colleagues are also trying to spin a more positive view of higher inflationary effects.

Baha Breaking the News (BBN) / OL