Europe’s uneven inflation levels make ECB’s action challenging, Spanish minister says

MADRID (Reuters) – The different inflation levels in euro zone countries make the European Central Bank’s monetary policy action challenging, Spanish Economy Minister Nadia Calvino said on Friday.

“We see a (inflation) downward trend in our country which contrasts with the upward trend in a large part of the European Union,” she told reporters.

“There are different macroeconomic and inflation situations in the different countries and that is a challenge for the ECB when articulating a unique monetary policy.”

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