© Reuters. FILE PHOTO: A symphony of light composed of bars, lines and circles in the European Union’s colours blue and yellow illuminates the southern facade of the European Central Bank (ECB) headquarters in Frankfurt, Germany, on December 30, 2021.Reuters/Month
MADRID (Reuters) – Risks to the euro zone’s inflation outlook remain elevated and have intensified, ECB policymaker Pablo Hernandez de Cos said on Tuesday. in the short term.
Risks include a “continued deterioration” in the euro zone economy and persistently high energy and food prices, De Cos said.
On Thursday, the European Central Bank raised interest rates for the first time in 11 years and guided for further hikes at its upcoming meeting.
Decos said the bank’s future interest rate policy will be set at each meeting.