ECB's de Guindos: We see risks to growth as broadly balanced; support essential

Dhwani Mehta FXStreet

‘We see risks to growth as broadly balanced,” the European Central Bank (ECB) Vice President Luis de Guindos said in a scheduled speech on Monday, adding that support, therefore, is essential.

Additional quotes

“Spreading of mutations shows we shouldn't be complacent.”

“We expect inflation on the rise until year-end.”

“Risks to the outlook for inflation tilted to the upside. “

“We are in the lower bound, so we can act forcefully.”

“We're doing a lot in terms of monetary stimulus.”

“Medium-term is normally time-horizon of our projections.”

“A big deal of accommodation will be needed in the future.”

“Withdrawal of stimuli should be gradual, not premature.”

Market reaction

EUR/USD is alternating between gains and losses in a familiar range below 1.1900, slightly on the defensive heading into a big week.

The spot currently trades at 1.1869, almost unchanged on the day.

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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