ECB's de Guindos: Banks’ dividend cap to be lifted sooner or later alongside economic recovery

Dhwani Mehta FXStreet

The European Central Bank (ECB) Vice President Luis de Guindos said Wednesday, the central bank’s recommendation on banks dividend cap could be lifted sooner or later alongside economic recovery.

“If the pace of activity we are forecasting continues, clearly this recommendation will sooner or later disappear,” De Guindos said.

The ECB expects to make a decision on whether to lift restrictions on bank dividends and share buy-backs on July 23, per Reuters.

EUR/USD Forecast: Further upside looks likely above 1.1950

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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