Central Banks
ECB’s Guindos Says Quarter-Point June Cut Is ‘Prudent Approach’
- No decisions on the number of ECB moves or on their size
- Vice president comments in Oberösterreichische Nachrichten
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European Central Bank Vice President Luis de Guindos said a quarter-point interest-rate cut next month looks reasonable, according to an interview with Oberösterreichische Nachrichten.
“We have been very transparent about the decision at the June meeting,” he said. “And we are taking a prudent approach, which would argue in favor of a reduction of 25 basis points.”