ECBs Escriva: Risk to inflation remains balanced

ECBs Escriva does not want to be left out and says:

• Risk to inflation remains balanced.

Yesterday Escriva in a interview to a Spanish newspaper said:

• ECB board member Jose Luis Escriva sees no clear signs of inflation drifting up or down to change the current outlook.
• Inflation is approaching the 2% target, according to September projections.
• Risks include inflation being higher or lower than expected, but no additional fluctuations are currently seen.
• Interest rate decisions for December remain flexible and data-dependent.
• Escriva emphasized that neutral interest rate estimates are uncertain and of limited value for monetary policy.

This article was written by Greg Michalowski at www.forexlive.com.