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

(MNI) London

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)

De Guindos again underlined the Governing Council's confidence that inflation was set to converge on its 2% target by the second half of 2025.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Policy NewsHomepageCentral Bank NewsEuropean Central BankCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsBriefUKStoryRegion
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Policy NewsHomepageCentral Bank NewsEuropean Central BankCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsBriefUKStoryRegion
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