From Reuters: Central banks must act firmly to avoid risks to price stability from rising inflation, European Central Bank Governing Council member Miguel Angel Fernandez Ordonez said on Wednesday. Ordonez saw risks soaring raw material costs would lead to a spiral in consumer prices and wage demands that would further feed inflation. “Economic authorities, in particular monetary ones, have the duty to avoid these risks, to prevent these threats to price stability materializing, and as a resul
…read more Spain news here
If you enjoyed this post, make sure you subscribe to my RSS feed!