ECB’s de Guindos: Our objective is to bring inflation back to 2% target

Dhwani Mehta FXStreet

European Central Bank (ECB) Vice President Luis de Guindos said on Wednesday, “our objective is to bring inflation back to 2% target.”

Additional quotes

Rate hikes are both for borrowers and savers.

That is part of our monetary policy transmission.

If savings become more attractive, consumers will spend less, reducing demand.

This is what we aim for to push down inflation.

Market reaction

EUR/USD is unmoved by the above comments, still holding its range around 1.1000, 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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