Euro zone inflation not as transitory: ECB's de Guindos

Thursday, January 13, 2022

FRANKFURT (Reuters) -The euro zone's inflation spike is not as transitory as earlier thought and price growth this year is at risk of exceeding projections, European Central Bank Vice President Luis de Guindos said on Thursday.

Inflation hit 5% last month, the highest on record for the 19-country currency bloc, but the ECB expects it back under its 2% target in both 2023 and 2024, even without policy tightening, as one-off pressure ease.

"Inflation is not going to be as transitory as forecast only some months ago," de Guindos told a UBS event. "The assessment of risk for inflation is moderately tilted to the upside over the next 12 months."

He added that energy costs are likely to remain elevated while supply-side bottlenecks continue to exert upward pressure on prices.

Still, over the longer term, risks are still seen balanced, de Guindos said, adding that 2023 and 2024 inflation are both seen just below the ECB's 2% target.

Some policymakers are more sceptical, however, and warned that inflation could stay above target even further out as wage policy is likely to adjust to higher price growth, making the surge more durable.

Although energy prices increased in recent weeks, de Guindos said this did not fundamentally alter the inflation picture.

"They do not affect much the projections we produced 3 weeks ago," he said.

The Omicron variant of COVID-19 is also unlikely to significantly change the growth outlook, for now, he said, adding that European economies have adapted to living under the pandemic.

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17-01-2022 20:43:33 (UTC+7)

EUR/USD

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EUR/USD

1.1421

+0.0014 (+0.12%)

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GBP/USD

1.3659

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USD/JPY

114.49

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AUD/USD

0.7224

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1.2496

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130.75

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8,838.70

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68.140

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Adidas AG

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7.241

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146.00

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EUR/USD	1.1421	↑ Buy
GBP/USD	1.3659	↑ Buy
USD/JPY	114.49	↑ Sell
AUD/USD	0.7224	↑ Buy
USD/CAD	1.2496	↑ Sell
EUR/JPY	130.75	Sell
EUR/CHF	1.0430	↑ Buy

Gold	1,820.75	↑ Buy
Silver	23.108	↑ Buy
Copper	4.4395	↑ Buy
Crude Oil WTI	83.89	↑ Buy
Brent Oil	86.75	↑ Buy
Natural Gas	4.258	↑ Sell
US Coffee C	239.65	↑ Buy

Euro Stoxx 50	4,302.14	↑ Sell
S&P 500	4,662.85	↑ Buy
DAX	15,933.72	↑ Sell
FTSE 100	7,611.23	↑ Buy
Hang Seng	24,354.87	↑ Buy
Small Cap 2000	2,161.55	↑ Buy
IBEX 35	8,838.70	↑ Sell

BASF	68.140	Neutral
Bayer	52.82	↑ Buy
Allianz	227.05	↑ Buy
Adidas	252.65	↑ Buy
Lufthansa	7.241	↑ Sell
Siemens AG	146.00	Neutral
Deutsche Bank AG	12.018	↑ Buy

Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG
SJC Eximbank	6,120/ 6,160 (0/ 0) # 1,144
SJC HCM	6,110/ 6,170 (0/ 0) # 1,154
SJC Hanoi	6,110/ 6,172 (0/ 0) # 1,156
SJC Danang	6,110/ 6,172 (0/ 0) # 1,156
SJC Nhatrang	6,110/ 6,172 (0/ 0) # 1,156
SJC Cantho	6,110/ 6,172 (0/ 0) # 1,156
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ʘ Giá bán lẻ xăng dầu
Sản phẩm	Vùng 1	Vùng 2
RON 95-IV	24000	24480
RON 95-II,III	23900	24370
E5 RON 92-II	22910	23360
DO 0.05S	18380	18740
DO 0,001S-V	18730	19100
Dầu hỏa	17190	17530

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Brent	$86.68	-0.93	-1.08%

$ Tỷ giá Vietcombank
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EUR	25.268,14	26.684,53
GBP	30.226,58	31.517,24
JPY	192,39	203,66
KRW	16,53	20,15
Cập nhật lúc 08:35:57 18/01/2022 Xem bảng tỷ giá hối đoái