• $ 1.7
  • € 1.9741
  • ₽ 0.021739
  • ₺ 0.0429
  • £ 2.3146

ECB: Lasting oil spike could hit growth and inflation

ECB: Lasting oil spike could hit growth and inflation
17.09.2019 22:00

Growth could suffer and inflation could rise if the current jump in oil prices proves to be more than a temporary spike, ECB policymaker Francois Villeroy de Galhau said on Tuesday, Trend with reference to Reuters reported.

Villeroy told a conference in London that oil prices were adding new economic uncertainty on top of those sparked by trade tensions from the United States, and Britain’s planned departure from the European Union.

"It is too early to rush to hasty conclusions; we should closely monitor the consequences on the oil market, which is characterized by a rather flexible supply and a subdued demand,” Villeroy said.

"If it lasts, this latest oil shock could increase inflation and hamper growth,” Villeroy, who is also the governor of the French central bank, told the World Conference of Banking Institutes.

Villeroy also said that while Brexit was bad news, EU banking supervisors were prepared in case Britain left the bloc without a deal in place.


www.anews.az
Similar news
Similar news
France accused of sending nuclear waste to areas near Azerbaijan border – statement
World 13:00
France accused of sending nuclear waste to areas near Azerbaijan border – statement
Iran says uranium enrichment will continue despite recent strikes
World 11:00
Iran says uranium enrichment will continue despite recent strikes
Wildfires force temporary closure of Izmir airport in Turkey
World 10:30
Wildfires force temporary closure of Izmir airport in Turkey
Iranian officials reportedly called U.S. strikes on nuclear sites less destructive than expected – WP
World 10:00
Iranian officials reportedly called U.S. strikes on nuclear sites less destructive than expected – WP
Thousands rally in Tbilisi as opposition urges unity
World 09:30
Thousands rally in Tbilisi as opposition urges unity
Krispy Kreme ends partnership with McDonald's in the U.S.
World 18:00
Krispy Kreme ends partnership with McDonald's in the U.S.
Trump warns of renewed strike on Iran if nuclear program restarts
World 16:58
Trump warns of renewed strike on Iran if nuclear program restarts
Armenia arrests archbishop Galstanyan over alleged coup plot
World 16:20
Armenia arrests archbishop Galstanyan over alleged coup plot
U.S. envoy says talks underway with Iran, IAEA involved in process
World 15:35
U.S. envoy says talks underway with Iran, IAEA involved in process
Anews TV

Our official Youtube channel

Subscribe