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Inflation to remain at 4%-5% at year end in euro zone, ECB's De Guindos says

Inflation to remain at 4%-5% at year end in euro zone, ECB's De Guindos says
Inflation to remain at 4%-5% at year end in euro zone, ECB's De Guindos says   -   Copyright  Thomson Reuters 2022
By Reuters

MADRID – Inflation in the euro zone will remain at 4%-5% at the end of the year, ECB‘s Vice President Luis de Guindos said on Wednesday on Spain’s state broadcaster TVE.

With inflation soaring to a record high 7.5% in the 19-nation euro currency zone last month, policymakers are increasingly advocating a rapid unwinding of stimulus, and several have made the case for a rate hike already in July.

De Guindos said ECB‘s bond purchases, known as quantitative easing, will likely stop in July.