Home ECB’s De Guindos: Inflation expectations are low, we have to act with available tools

ECB’s De Guindos: Inflation expectations are low, we have to act with available tools

Updated: 8 Oct. 2020 | 10:27

The European Central Bank (ECB) vice-president Luis de Guindos crossed the wires in the last minute, saying that inflation expectations are low, and we have to act with available tools.

Ahead of Thursday’s release of the ECB monetary policy meeting minutes, dovish comments did little to lend any support to the shared currency. However, a softer tone surrounding the USD helped the EUR/USD pair to hold steady above mid-1.1700s.

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