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- ECB’s de Guindos: We do not have any estimates of the terminal rate
ECB’s de Guindos: We do not have any estimates of the terminal rate
European Central Bank (ECB) Vice President Luis de Guindos said on Friday that “we do not have any estimates of the terminal rate.”
He said that “Eurozone slowdown is not enough to control inflation.”
On Thursday, Guindos said that “the euro area is now facing a challenging outlook.”
Market reaction
At the press time, EUR/USD is on the defensive around 0.9980, keeping its range play intact below parity ahead of the US data.
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