De Guindos says the risks to growth are broadly balanced; support is essential

We see risks to growth as broadly balanced“said the vice president of the European Central Bank (ECB), Luis de Guindos, in a speech scheduled for Monday, and added that support is therefore essential.

Additional comments

“The spread of mutations shows that we should not be complacent.”

“We expect inflation to increase until the end of the year.”

“Risks to the inflation outlook were tilted higher.”

“We are at the lower limit, so we can act strong.”

“We are doing a lot in terms of monetary stimulus.”

“In the medium term it is normally the time horizon of our projections.”

“A lot of easing will be needed in the future.”

“Withdrawal of stimuli should be gradual, not premature.”

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