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- ECB’s de Guindos: Will keep raising rates to try to bring inflation down towards mid-term goals
ECB’s de Guindos: Will keep raising rates to try to bring inflation down towards mid-term goals
European Central Bank (ECB) Vice President Luis de Guindos said on Wednesday, “the ECB will keep raising interest rates to try to bring inflation down towards our mid-term goals.”
Additional comments
Economic deceleration will not on its own bring down inflation in Eurozone.
Governments in Eurozone will have to implement prudent fiscal policies.
Market reaction
At the time of writing, EUR/USD is trading 0.18% higher on the day at 1.0318, awaiting the Eurozone PMIs.
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