ECB's de Guindos: The new variant is worrying

Joel Frank Independent Analyst

European Central Bank Vice President Luis de Guindos said on Friday that the new Covid-19 variant is worrying. We have to be patient even if markets are volatile, he added, before stating that it is his personal opinion that policy will remain accommodative. On the PEPP he said it will end in its expected size at the end of March.

Market Reaction

The euro has not reacted to the latest remarks from de Guindos, though it has in recent trade managed to pop back to the north of the 1.1300 level.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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