• ECB’s de Guindos: Inflation remains very very high

Noticias del mercado

21 septiembre 2022

ECB’s de Guindos: Inflation remains very very high

European Central Bank (ECB) Vice President Luis de Guindos said on Wednesday, “inflation remains very very high.”

Key quotes

Recent data point to substantial slowdown.

Risks to inflation are on the upside.

Banks stand out in terms of resilience in financial sector.

Determined to bring inflation back to target.

The economy is likely to stagnate around year-end.

Hikes to continue and data will determine the size.

The value of neutral rate is unclear.

Market reaction

EUR/USD was last seen trading at 0.9901, down 0.63% on the day.

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