ECB's de Guindos: Inflation to be negative or very close to zero for rest of year

Eren Sengezer FXStreet

The inflation rate in the euro area is expected to be negative or very close to zero for the rest of the year, European Central Bank's (ECB) Vice President Luis de Guindos said on Thursday, as reported by Reuters.

"The ECB is totally open to recalibrating measures," de Guindos added and said that they don't need to make a decision immediately on adjusting the Pandemic Emergency Purchase Programme (PEPP).

Market reaction

The EUR/USD pair edged higher in the last minutes and is currently trading at 1.1762, where it's up 0.38% on a daily basis.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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