NICOSIA, May 22 (Reuters) – European Economy Commissioner Valdis Dombrovskis said on Friday that it is clear the European Central Bank will need to react to rising inflation.
“So it’s clear that the ECB will help to respond to the increase in inflation. So we are forecasting inflation of 3.1% this year. So it’s all about ECB’s target of 2%,” he told reporters ahead of an Eurogroup meeting in Nicosia.
(Reporting by Jan Strupczewski, Writing by Charlotte Van Campenhout, Editing by Inti Landauro)
