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ECB’s de Guindos: Getting back to 2% target of inflation will not be easy
European Central Bank (ECB) Vice President, Luis de Guindos, in a Financial Times (FT) interview on Monday, dismissed rate cuts and said that “getting back to the 2% target of inflation will not be easy.”
He added that the “last mile of disinflation is the hardest.”
Market reaction
The above comments fail to move the needle around the Euro, as EUR/USD sticks to its sideways movement around 1.0570 so far this Monday.
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