ECB vice president singles out service prices as top worry

Kitco Media
By Reuters
Published:
Updated:
Reuters
BARCELONA, May 11 (Reuters) - European Central Bank vice-president Luis de Guindos on Thursday singled out the rising price of services as his top concern, saying they were being driven up by higher wages. Speaking at an event in Barcelona, de Guindos also said it was too early to say how many more times the ECB would raise its interest rates as this would mainly depend on how aggregate demand reacts to past increases in borrowing costs. (Reporting By Francesco Canepa Editing by Chris Reese)

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