ECB's de Guindos: We see risks to growth as broadly balanced; support essential
|‘We see risks to growth as broadly balanced,” the European Central Bank (ECB) Vice President Luis de Guindos said in a scheduled speech on Monday, adding that support, therefore, is essential.
Additional quotes
“Spreading of mutations shows we shouldn't be complacent.”
“We expect inflation on the rise until year-end.”
“Risks to the outlook for inflation tilted to the upside. “
“We are in the lower bound, so we can act forcefully.”
“We're doing a lot in terms of monetary stimulus.”
“Medium-term is normally time-horizon of our projections.”
“A big deal of accommodation will be needed in the future.”
“Withdrawal of stimuli should be gradual, not premature.”
Market reaction
EUR/USD is alternating between gains and losses in a familiar range below 1.1900, slightly on the defensive heading into a big week.
The spot currently trades at 1.1869, almost unchanged on the day.
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