ECB’s de Guindos: The most worrying factor for economic growth in Eurozone is inflation
|The European Central Bank (ECB) Vice President Luis de Guindos said on Monday, “the most worrying factor for economic growth in eurozone right now is inflation.”
Further quotes
“Factors behind inflation are of transitory nature, therefore expects inflation to start falling next year.”
“New coronavirus variants and spread of COVID-19 cases will increase uncertainty.”
“Potential withdrawal of support measures for companies in the eurozone has to be taken very carefully.”
“It is important for monetary policy to keep all options open.”
In the last hour, the central bank Governing Council member and Bank of France Head Francois Villeroy de Galhau noted: “Economic effects of successive covid waves have been less and less damaging.”
“Omicron shouldn’t presumably change the economic outlook that much,” he added.
Market reaction
Despite the not-so-encouraging comments from the ECB policymaker, EUR/USD is attempting a bounce from 1.1260 daily lows. The spot was last seen trading at 1.1273, down 0.39% on the day.
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.