ECB tells governments to roll back relief measures

FRANKFURT (Reuters) – Euro zone governments should roll back relief measures introduced in response to the energy crisis of last year if they don’t want to fuel inflation further, the ECB’s vice-president Luis de Guindos said on Thursday.

“As the energy crisis fades, governments should roll back the related support measures promptly and in a concerted manner to avoid driving up medium-term inflationary pressures, which would call for a stronger monetary policy response,” de Guindos said.

(Reporting By Francesco Canepa; Editing by Alex Richardson)

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