Home ECB’s De Guindos: Monetary policy cannot not be the only tool to revive economy

ECB’s De Guindos: Monetary policy cannot not be the only tool to revive economy

Published date: 18 Sep. 2019 | 10:22

The European Central Bank (ECB) Vice President Luis de Guindos crossed the wires last minutes, via Reuters, with the key comments found below.

Monetary policy cannot be the only tool to revive the economy.

Sees economic risks tilted to the downside.

Core inflation in Eurozone still muted.

As long as inflation in Eurozone does not converge to our inflation target interest rates won’t rise.

The shared currency is seen being offered on the above downbeat remarks, dragging EUR/USD to session lows near 1.1050. Markets await Eurozone final CPI data for fresh impetus.

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