ECB Padoa-Schioppa - 'excessive' talk on inflation

ITALY - European Central Bank board member Tommaso Padoa-Schioppa said the central bank has to monitor with attention the current level of euro-zone consumer prices which remain above 2.0 pct year-on-year, but believes it is "excessive" to describe the situation as alarming.

In an interview with the daily La Repubblica, Padoa-Schioppa said that certain factors like oil prices, the cold weather in January and the impact of the introduction of the euro on some services prices, have delayed the r