Luis de Guindos stated that Europe is at a crossroads and that the current focus is on the war in Iran. He also considers that there is no way to stop the initial impact of inflation.
ECB Vice-President calls for caution in monetary policy
Tuesday, 21 April 2026RSS
Context & Explainers
Inflation measures how much general prices rise over time, usually reported year‑on‑year to compare a month with the same month a year earlier. Portugal’s National Institute of Statistics (INE) estimated January inflation at 1.9% year‑on‑year, down 0.3 percentage points from December, which affects rents, wages and everyday purchasing power for residents.
