Central Banks
ECB’s Guindos Says September Rate-Hike Decision Is ‘Open’
- Vice president comments in Bloomberg Television interview
- Debate is heating up over end of historic rate-hiking cycle
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European Central Bank Vice President Luis de Guindos said that while another interest-rate increase next month is all but assured, the outcome of the following meeting remains unclear and will hinge on economic data arriving in the interim.
Guindos told Bloomberg TV on Wednesday that underlying inflation pressures may prove to be more stubborn than currently expected, with a strong summer tourist season likely to drive services costs higher.