ECB's Santos Pereira: no second-round inflation effects currently
European Central Bank Governing Council member Alvaro Santos Pereira said on Wednesday that current inflation and core inflation levels are far below those seen during the 2022 energy shock, and there are no second-round inflation effects at present.
LISBON, Oct 7 (Reuters) — Current inflation and core inflation levels are far below those seen during the 2022 energy shock and there are no second-round inflation effects at present, European Central Bank Governing Council member Alvaro Santos Pereira said on Wednesday. He also told a news briefing at the Bank of Portugal that other goods prices show no signs of de-anchoring inflation expectations. Compared with the 2022 energy shock following the outbreak of the war in Ukraine, "the differences are significant" in both the euro zone and Portugal, he added. com; (351) 213-509-209))