The euro inflation reaches record heights, the ECB is not in a hurry to increase interest rates-Economics

The European Central Bank is concerned that inflation in the euro zone increases beyond its own expectations, a high-ranking ECB official has added. However, Europe's currency authority is not ready to raise interest rates at the present time, revealed the executive.

ECB sees no reason to adapt the interest rates, although inflation in the euro zone reaches 5 %

According to the preliminary estimates of Eurostat, which is cited by Trading Economics, the annual inflation in the area of ​​the common European currency has increased to a record high of 5 % in December in the sixth month in a row. The last time the inflation went back was in June when it fell from 2 % in May to 1.9 %.