ECB Vice-President Luis de Guindos was out on the wires in the last hour and sounded confident on the path of inflation.
Key quotes:
“¢ The fundamentals remain in place for continued solid and broad-based economic growth.
“¢ Confident that the sustained convergence of inflation towards our inflation aim will continue in the period ahead.
“¢ Benign market reaction following the announcement of our decision supports the appropriateness of our current assessment.
“¢ Monetary policy to remain patient, persistent and prudent.
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