ECB’s Linde: Balance of economic risks to downside in Europe

Speaking at IIF Spring Membership Meeting in Madrid on Wednesday, European Central Bank (ECB) Governing Council member and Bank of Spain head Luis Maria Linde, acknowledged that Eurozone inflation remains well below central bank’s target, while adding that risks remain tilted to the downside in Europe.

Key Quotes:

World econ recovery still disappointingly weak

Serious economic risks remain

Inflation mostly remains below central banks' targets

Global economy characterized by high uncertainty

Balance of economic risks to downside in Europe