ECOFIN: Spain Fin Min: Not Worried About Inflation
GOTHENBURG, Sweden -(Dow Jones)- Inflation isn't a concern at the moment, Spanish Finance Minister Elena Salgado said Friday.
Salgado, speaking to journalists on the sidelines of a meeting of European Union finance ministers and central bankers, didn't say whether she was referring to the Spanish economy or the euro zone as a whole.
Subdued inflation among the countries that use the euro has allowed the European Central Bank to cut its key rate to 1.0% from 4.25% over the past year.
Salgado noted that recent stress tests conducted on E.U. banks showed lenders were "resilient."
-By Adam Cohen, Dow Jones Newswires; +322 741 1486; adam.cohen@dowjones.com
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