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MNI BRIEF: ECB To Maintain Meet-by-Meet Approach- De Guindos

ECB VP says medium-term direction of inflation is clear, but policy will remain data-dependent.

MNI (LONDON) - The eurozone's disinflationary process is well on track, with the outlook influenced by recent downside surprises in indicators of economic activity and still-restrictive financing conditions, ECB vice-president Luis de Guindos said Wednesday.

Fine-tuning of monetary policy decisions in reaction to inflation developments "is complex but the medium-term orientation of inflation is clear," he added.  (see MNI SOURCES: ECB Officials See Rate Expectations As Stretched).

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MNI (LONDON) - The eurozone's disinflationary process is well on track, with the outlook influenced by recent downside surprises in indicators of economic activity and still-restrictive financing conditions, ECB vice-president Luis de Guindos said Wednesday.

Fine-tuning of monetary policy decisions in reaction to inflation developments "is complex but the medium-term orientation of inflation is clear," he added.  (see MNI SOURCES: ECB Officials See Rate Expectations As Stretched).

Keep reading...Show less