European Central Bank Vice President Luis de Guindos said underlying price pressures will stay elevated even as headline inflation slows. “We believe that headline inflation is likely to decline considerably this year, while underlying inflation dynamics will remain strong,” he said in a speech at the Ambrosetti workshop in Cernobbio, Italy, on Saturday. Guindos spoke a day after euro-area data showed core inflation, which strips out volatile elements like food and energy, hit a new record high. Turning to financial-market turbulence, the ECB vice president said that the euro-area banking sector is “resilient, with ... (full story)