Remarks by ECB Vice-President Luis de Guindos
- Inflation could peak around 3.4% to 3.5%
- I haven’t seen any indication that wages are on the rise
- We must be vigilant to surprise on the rise in inflation
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The part on wages is just a roundabout way of saying that the surge in inflation is still largely due to more transitory factors, which reaffirms the “transitional” position of the ECB.