European Central Bank (ECB) Vice President Luis de Guindos said on Wednesday, “the ECB will keep raising interest rates to try to bring inflation down towards our mid-term goals.”
Economic deceleration will not on its own bring down inflation in Eurozone.
Governments in Eurozone will have to implement prudent fiscal policies.
At the time of writing, EUR/USD is trading 0.18% higher on the day at 1.0318, awaiting the Eurozone PMIs.