ECB’s de Guindos: Further rate increases will depend on upcoming data
|European Central Bank (ECB) Vice President Luis de Guindos said on Friday that the economic deceleration in the Eurozone will not be as deep as expected a few weeks ago, as reported by Reuters.
Key takeaways
"Inflation data in November has been good news."
"Inflation in eurozone around mid-2023 will hover around 7%."
"Further interest rate increases will depend on upcoming data."
"We are seeing that inflation is starting to slow down."
Market reaction
The EUR/USD pair showed no immediate reaction to these comments and was last seen trading at 1.0535, rising 0.14% on a daily basis.
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