SANTA CRUZ DE TENERIFE, June 16. (EUROPE PRESS) –
The Deputy Minister of the Presidency of the Government of the Canary Islands, Antonio Olivera, said this Thursday that the advance data for June of affiliates and the unemployed continues to be “very positive”, since contributors have increased by 4,000 people compared to May to 845,000, although he has said that they follow “very closely” the evolution of international markets in the face of global “uncertainty”.
In a press conference to account for the agreements of the Governing Council, he pointed out that the central banks have begun to “operate” with the rise in interest rates to try to contain inflation, but these are “expected movements” that they intend to deal with the “supply shock”.
Along these lines, he has said that the rise in the Euribor is consolidating and the risk premiums “suffer significant increases”, something that has also framed a progressive return to normality after “many years of expansionary policy and easy credit”.
Olivera has pointed out that it is the “logical and expected response” to the episode of strong world inflation derived from the recovery of activity after the pandemic and the tension generated by the war in Ukraine over raw materials, fuels and basic foods.
Likewise, he does not hide that the financial conditions are going to “tighten” and for this reason he hopes that the monetary policies will be “accommodating” to inflation.
