ECB's Escriva: Energy Inflation Spreading to Other Sectors
ECB policymaker Jose Luis Escriva warned that higher energy costs are spreading to services and transport, and the inflation outlook remains highly uncertain.
European Central Bank policymaker Jose Luis Escriva said on Thursday that rising energy costs are beginning to pass through to other sectors of the economy, including services and transport.
Speaking at an event, Escriva cautioned that the inflation outlook for the European Union remains highly uncertain, as energy price pressures extend beyond their initial impact.
The remarks suggest the ECB remains vigilant over second-round effects, though no specific policy action was signaled.
Source: FXStreet Forex News