Luis de Guindos, the vice president of the European Central Bank (ECB), expects prices in the eurozone to continue to fall in the coming period and to recover less quickly than previously forecast.

That said the Spanish central banker Saturday in an interview with the Finnish newspaper

Helsingin Sanomat.

Prices will continue to fall, according to the ECB chief, despite the recent optimism about the corona vaccine.

On December 10, the ECB will publish new forecasts on the eurozone economy.

At the same time, a new support package will also be announced.

Negative inflation is expected to continue this year.

The Guindos does expect inflation to rise again in 2021, possibly reaching around 1 percent.

The ECB would like to see inflation in the eurozone as a whole at just below 2 percent, in which case there is price stability.