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De Guindos Points To September As The Next Live Meeting

ECB

The ECB has released an interview with ECB VP de Guindos with Europa magazine. Highights:

  • We based our decision on the data we received since the last monetary policy meeting in June.
  • We will have more information in September, and especially new macroeconomic projections, so we will be able to better reassess the monetary policy stance.
  • Data-wise, September is a much more convenient month for taking decisions than July was.
  • We are already seeing that wages are starting to slow down.
  • We are starting to see an increase in demand for consumer credit and an improvement in demand for mortgages. But they are still very small changes.
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