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ECB's de Guindos: Too early for monetary policy to start to ease
In an interview with Spanish newspaper 20 Minutos on Thursday, European Central Bank (ECB) Vice-President Luis de Guindos said that it was too early for the monetary policy to start to ease, per Reuters.
De Guindos added that the ECB does not expect a technical recession in the Euro area and said that they would welcome a deal on the EU fiscal reform because that would reduce uncertainty in markets.
Market reaction
EUR/USD showed no immediate reaction to these comments. At the time of press, the pair was virtually unchanged on the day at 1.0945.
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