Disinflation in the euro zone is set to continue regardless of some volatility in oil prices related to turmoil in the Middle East, the European Central Bank’s vice president Luis de Guindos said on Tuesday.
“If the oil price rises – although it looks like it has been somewhat contained – this will be something we will have take into account, but always in a context in which the underlying disinflation process is relatively clear,” de Guindos told an event in Spain.