September 1, 2017 / 9:16 AM / a year ago

Raising euro zone inflation, employment more difficult - Constancio

FRANKFURT, Sept 1 (Reuters) - The growing uncertainty over the future of economic policy in the United States and weak global “reflationary” pressures make it more difficult to lift euro zone inflation, European Central Bank vice president Vitor Constancio said on Friday.

“The growing uncertainty surrounding the strength of the world economic recovery, and of the U.S. in particular, makes the normalisation of inflation and unemployment levels in the euro area more difficult,” Constancio told a conference in Cernobbio, Italy.

“The strong worldwide reflationary phase that seemed likely at the beginning of the year has not materialised,” Constancio said. “Therefore, the tasks of normalising inflation and unemployment to acceptable levels continue to be difficult.” (Reporting by Balazs Koranyi; Editing by Hugh Lawson)

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