ECB's de Guindos warns about sticky core inflation

Kitco Media
By Reuters
Published:
Updated:
Reuters
FRANKFURT, April 26 (Reuters) - The euro zone's labour market remains tight and underlying inflation is proving "quite sticky," European Central Bank Vice President Luis de Guindos said in Greece on Wednesday, days before the ECB's next policy meeting. Policymakers appear near united that a rate hike will be needed next week but the size of the move is uncertain and de Guindos said the bank's quarterly lending survey, which could reveal how recent banking turmoil affected lending standards, will be a key element in the decision.
(Reporting by Balazs Koranyi and Francesco Canepa; editing by John Stonestreet)

Reuters Messaging: balazs.koranyi.thomsonreuters.com@reuters.net))
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