ECB’s Makhlouf says fears of excessive inflation overstated

© Reuters. FILE PHOTO: The emblem of the European Central Financial institution (ECB) is pictured outdoors its headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach

DUBLIN (Reuters) – Fears of extreme euro zone inflation are overstated “in the mean time” however policymakers should recognise there’s appreciable uncertainty concerning the persistence of worth pressures, European Central Financial institution governing council member Gabriel Makhlouf stated.

“I imagine that, in the mean time, fears of extreme euro space inflation are overstated and that the present worth pressures mirror transitory elements that can fade out over time,” Makhlouf, Eire’s central financial institution chief, advised an internet convention on Thursday.

“However there’s appreciable uncertainty concerning the persistence of worth pressures and we have to interpret this (inflation) information and the outputs of our fashions with warning.”

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