EC Vice President Luis de Guindos indicates ECB's interest rate path unpredictable due to geopolitical risks.

ECB Vice President Luis de Guindos said the European Central Bank is not following a pre-determined path on interest rates due to high uncertainty caused by geopolitical risks, wars, and elections. The next months will be challenging, according to Guindos, who stated that the ECB has confidence in inflation converging to its definition of price stability but must be prudent in its approach.

July 02, 2024
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