ECB's vice president de Guindos says that indications from market expectations cannot replace our policy judgment

Market news

27 August 2019

ECB's vice president de Guindos says that indications from market expectations cannot replace our policy judgment

Says monetary policy is data dependent, not market dependent
It is important to get the market view about where the economy stands
Also important to get the view of where it is heading
Expectations that are priced in financial markets need to be taken with a pinch of salt

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