CB’S DE GUINDOS: CENTRAL BANK WILL NOT PREJUDGE FURTHER MOVEMENTS IN THE POLICY RATE
European Central Bank (ECB) Vice President Luis de Guindos said on Monday, “central bank will not prejudge further movements in the policy rate.”
Additional quotes
Expect a temporary rebound in inflation in the coming months.
It is likely that euro area economy will remain subdued in the near-term.
There are signs that labour market is beginning to weaken.
Will be in a better position to reassess inflation outlook and required action in December meeting.
Sees general disinflationary process continuing over the medium-term.
Will ensure policy remains sufficiently restrictive for as long as necessary.
Forward guidance is out of fashion.
Central bank will not prejudge further movements in the policy rate.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.