Central Banks
ECB’s Guindos Says Bank Turmoil Shadowing Rate Policy Moves
- Central banker wants to see ‘clear decline’ in core inflation
- Data this week likely to show euro-era record in core prices
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European Central Bank Vice President Luis de Guindos said the banking sector is “going through a period of very high uncertainty” that dictates a meeting-by meeting approach on interest rate policy with no pre-commitment to a specific action.
“We are open-minded with respect to the future,” the Spanish banker said in an interview with Business Post posted on the ECB’s website on Sunday.