Economics Commissioner Pedro Solbes voiced concern this week about inflationary pressures in the euro zone

Date: 10/02/2000

But he added that it was “too early” to say whether consumer inflation might reach the European Central Bank ceiling of 2&percent; any time soon. He said the “evolution of the US stock markets, private savings, the current account deficit, oil prices and long term interest rates” were all causes for concern. But the good news, he added, was that economic growth was on target and that Europe's core inflation, excluding the volatile elements of food and energy, was running at about 1&percent;.