Gonzalez-Paramo: Inflation risks still on upside

European Central Bank board member Jose Manuel Gonzalez-Paramo said Wednesday 28 March the eurozone still faces significant inflation risks.

"The balance of inflation risks is clearly on the upside," he said in a speech.

He told a conference organised by CEL - Centro Espaol de Logistica in Madrid that ECB monetary policy remains accommodative, with interest rates moderate and monetary growth vigorous.

"Holding the line on wages is key," he said.

Gonzalez-Paramo said inflation could be slightly hi