ECB's de Guindos: Too early for monetary policy to start to ease

Eren Sengezer FXStreet

In an interview with Spanish newspaper 20 Minutos on Thursday, European Central Bank (ECB) Vice-President Luis de Guindos said that it was too early for the monetary policy to start to ease, per Reuters.

De Guindos added that the ECB does not expect a technical recession in the Euro area and said that they would welcome a deal on the EU fiscal reform because that would reduce uncertainty in markets.

Market reaction

EUR/USD showed no immediate reaction to these comments. At the time of press, the pair was virtually unchanged on the day at 1.0945.

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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