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MNI BRIEF: Euro Area Disinflation 'Intense' - De Guindos

(MNI) London

ECB VP says the slowing of inflation has been intense but oulook much more difficult to gauge.

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The disinflationary trend in the eurozone has been intense in the last 12 months or so, but the outlook for the next few months is "more complicated," ECB Vice President Luis de Guindos said on Wednesday.

Speaking at an MNI Connect livestreamed event, De Guindos underlined the "prudence" with which the ECB will act amid the uncertainty which led it to opt against giving clearer forward guidance. Any comments by people who say they know the future path of ECB rates are likely to be mistaken, he said. (See MNI SOURCES: September Rate Cut In Sight For ECB)

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The disinflationary trend in the eurozone has been intense in the last 12 months or so, but the outlook for the next few months is "more complicated," ECB Vice President Luis de Guindos said on Wednesday.

Speaking at an MNI Connect livestreamed event, De Guindos underlined the "prudence" with which the ECB will act amid the uncertainty which led it to opt against giving clearer forward guidance. Any comments by people who say they know the future path of ECB rates are likely to be mistaken, he said. (See MNI SOURCES: September Rate Cut In Sight For ECB)

Keep reading...Show less