ECB's Makuch: Central bank may need to rephrase guidance if slowdown continues

Haresh Menghani FXStreet

The ECB's Governing Council member and Slovak central bank Governor, Jozef Makúch was out with some comments in the last hour, saying that the timing of future interest rate rise is a matter of the state of the economy.

Additional quotes:

• It is possible that the ECB will be needed to reformulate forward guidance in case economy slows down further.
• There are risks in geopolitics, protectionism, the vulnerability of emerging markets and market volatility; also in fiscal discipline in Italy and France.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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