Guindos Says ECB Not Following Pre-Determined Interest-Rate Path

The European Central Bank isn’t following a pre-set path toward lower interest rates as uncertainty remains high, Vice President Luis de Guindos told CNBC in an interview.

Geopolitical risks, wars in the Middle East and Ukraine and elections in France complicate an assessment of the economy and price trends, Guindos said, adding that the next months “won’t be easy.”