In an interview with Europa Press on Tuesday, European Central Bank (ECB) Vice President Luis de Guindos said that “inflation data is practically in line with our projections.”
Highlighted statements
In terms of data, September is a much more convenient month for making decisions than July.
The current level of uncertainty is enormous, so we must be cautious when making decisions.
We will be keeping a particularly close eye on wage developments.
Ursula Von der Leyen’s re-election is an indicator of confidence in stability.
The outcome of the French elections has created additional uncertainty.
We would like to see more cross-border banking M&A transactions because we want to have a single banking market.
Market reaction
At the time of writing, EUR/USD is trading lower towards around 1.0885, down 0.05% on the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
