Free Trial

MNI BRIEF: Investors Increasingly Eyeing Fiscal Policy -ECB VP

(MNI) Rome

Fiscal policy will increasingly be the main focus for investors in coming months, European Central Bank's vice president Luis de Guindos said at an event in Spain on Friday, noting that the central bank can’t yet declare victory over inflation yet although core prices points to a deceleration in the coming quarter.

Asked about the reform of the Stability and Growth Pact, de Guindos stressed that a new deal would “eliminate lots of uncertainty” as it would be better than a return to the old fiscal rules. (MNI POLICY: EU Fiscal Deal Taking Shape Before December ECOFIN)

The vice-president was optimistic about the possibilities of a deal and wished for the “common sense to prevail”, noting that the timings for a deal are now very tight.

MNI Rome Bureau | +34-672-478-840 |
MNI Rome Bureau | +34-672-478-840 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.