9/17, 1:35 PM (Source: TeleTrader)
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ECB's Makhlouf: Inflation likely to weaken

Governor of the Central Bank of Ireland, Gabriel Makhlouf, said on Friday that the Eurozone inflation would likely weaken in the medium-term to land at the levels below 2%.

"Temporary inflationary effects are expected to dissipate in 2022," Makhluf stressed, noting that the euro area's economic growth has significantly improved.

However, he also warned that the coronavirus pandemic has brought "structural changes" to the bloc's economy which are yet to be seen over time.

Breaking the News / ND