ECB’s de Guindos: It's premature to discuss rate cuts

Dhwani Mehta FXStreet

European Central Bank (ECB) Vice President Luis de Guindos said on Wednesday, “central bank will not prejudge further movements in the policy rate.”

Additional quotes

Haven't seen extreme moves in bond spreads.

It's premature to discuss rate cuts.

ECB is data-dependent and policy communication is very clear.

Markets' soft-landing hopes may be a bit optimistic.

Market reaction

EUR/USD is unfazed by the above comments, still holding its range around 1.0900, as of writing.

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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