ECB’s de Guindos: We are not following a pre-determined path on interest rates

Dhwani Mehta FXStreet

European Central Bank (ECB) Vice President Luis de Guindos said on Tuesday that “we are not following a pre-determined path on interest rates.”

Additional quotes

Uncertainty remains high.

We have to be very prudent.

Inflation will have its ups and downs this year.

Economy is to be stronger in 2H than it was in 1H.

Market reaction

At the time of writing, EUR/USD is dropping 0.18% on the day to trade near 1.0720.

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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