FRANKFURT (Reuters) – The economic outlook for the euro zone is complicated by fears about a trade war with the United States but at least inflation is heading down towards the European Central Bank’s 2% target, the ECB’s vice-president, Luis de Guindos, said on Friday.
“We have good news on inflation,” de Guindos told a Spanish event via video-link. “If there are doubts on economic growth, the disinflation process is continuing. We are convinced that in the next few quarters we’ll achieve our definition of price stability, which is 2%, on a sustainable basis.”
(Reporting By Francesco Canepa; Editing by Kevin Liffey)
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