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Euro zone inflation will remain negative this year: ECB' de Guindos

Published 10/02/2020, 06:39 AM
Updated 10/02/2020, 06:40 AM
© Reuters. EU finance and economy ministers hold informal meeting in Berlin

FRANKFURT (Reuters) - Euro zone inflation will remain negative for the rest of the year, European Central Bank Vice President Luis de Guindos said on Friday, just after fresh data showed price growth hitting a more than four year low.

"Inflation will be negative for the rest of the year .. for the coming year, we hope that it will recover," de Guindos said in a speech.

© Reuters. EU finance and economy ministers hold informal meeting in Berlin

His comments could be seen as a nuanced change in his views as he earlier predicted that inflation would be negative or very close to zero for the rest of the year.

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