ECB's vice president Guindos: Risks to inflation outlook tilted to the upside

Market news

12 July 2021

ECB's vice president Guindos: Risks to inflation outlook tilted to the upside

Risks to growth are seen as broadly balanced
The spread of mutations show we should not be complacent
We expect inflation to be on rise until the year-end
Inflation allowed to overshoot depending on circumstances
We will discuss new forward guidance next week; that includes new definition of price stability
We will decide on PEPP transition in near future

Richmond Fed president Barkin hopes U.S. job market will reach “relatively soon” the threshold Fed has laid out as trigger point for pulling back on asset buying - WSJ

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