Inflation rates should not diverge in longer term, ECB's Kocher says

VIENNA (Reuters) -While the European Central Bank's focus is on average inflation across the euro zone, it is important that countries' inflation rates not move further apart in the longer term, policymaker Martin Kocher said in an interview published on Monday.

"What matters in Frankfurt is how the European economy has evolved and the average inflation rate in the euro zone. However, it is important that we not see a divergence in inflation rates in Europe in the longer term," Austrian newspaper Die Presse quoted Kocher as saying.

(Reporting by Francois Murphy; Editing by Aidan Lewis)

You May Also Be Interested In

• Crusoe signs $13 billion AI cloud deal with Jane Street, Bloomberg News reports
• US convenience stores say looming healthy food rule puts food stamps use at risk
• Volkswagen targets 9% operating margin by 2030