Central Banks
ECB’s Guindos Says More Rate Cuts to Come If Forecasts Hold
- ‘Huge uncertainty’ makes mapping out rate path difficult
- Vice president comments in interview with Helsingin Sanomat
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European Central Bank Vice President Luis de Guindos said more reductions in interest rates are on the way if policymakers’ forecasts for inflation hold.
The trajectory of any future cuts “will depend on the evolution of inflation,” Guindos told Nordic newspaper Helsingin Sanomat. He said it’s difficult to make predictions about the specific number and size of moves.