Central Banks
ECB’s Guindos Says ‘Huge’ Uncertainty Leaves 2024 Rate Path Open
- Officials delivered first rate cut last week as expected
- They’re wary of backing more reductions after data overshoots
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The European Central Bank can’t pre-commit to any decisions this year as it confronts volatile inflation and an economy whose outlook is difficult to predict, Vice President Luis de Guindos said.
Even if the direction of monetary policy is clear, policymakers don’t have any predetermined path for borrowing costs over the next six months, Guindos told an event organized by MNI.