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- ECB’s Guindos: Markets should not doubt how determined we are to address fragmentation
ECB’s Guindos: Markets should not doubt how determined we are to address fragmentation
European Central Bank (ECB) Vice President Luis de Guindos looks to calm markets on growing concerns over fragmentation while speaking in a media interview on Thursday.
Key quotes
Markets should not doubt how determined we are to address fragmentation.
Fragmentation has always been a concern for the ECB.
PEPP was launched with flexibility in mind, and this applies to the reinvestment phase as well.
We also decided yesterday to mandate the relevant committees to accelerate the completion of the design of a new anti-fragmentation instrument.
Inflation is very high, more persistent and broad-based than we thought some months ago.
We intend to raise rates by 0.25% in July.
For September, we can consider a bigger increase if inflation is defined as a quantitative measure of the rate in which the average price level outlook persists or deteriorates.
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