ECB's De Guindos: Risks are tilted to downside, if they start to materialize, we will react
|While speaking in an interview with CNBC, European Central Bank (ECB) Vice President noted that risks surrounding the euro area are tilted to the downside and said that they will react if they start to materialize to echo President Draghi's comments from Tuesday.
"The ECB could opt for a “combination of actions” to restore inflation," De Guindos added. "The ECB has a wide range of instruments - forward guidance, TLTRO, reinvestment of the maturities of our balance sheets — so there is an ample range of instruments that we could use, and QE is a part of them."
Commenting on the U.S.-China trade conflict, De Guindos said that it would be good news for everyone if they were to reach an agreement.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.