Nicholas Garganas Risks Quotations

Risks that could strengthen inflationary pressures have increased after the interest-rate increase in December.

If inflation risks increase and if the council reaches the conclusion interest rates have to rise, then they will increase.

Inflation risks have risen and the pace of interest rate increases will depend on developments as regards growth and inflation risks.

Euro-area growth will pick up at a faster pace. Inflation risks have increased since the last forecast.