The European Central Bank’s tool to combat rising government bond yields in some eurozone countries should not interfere with the bank’s anti-inflation target, said ECB Vice President Luis de Guindos. “Fragmentation tools should not interfere with the overall monetary policy approach, which should focus on combating inflation,” de Guindos said at an event in Spain. […]
Tag: Luis de Guindos
De Guindos: Interest rates may rise even in July
The European Central Bank should end the stimulus program in July and could raise interest rates in the same month, in September or later, said ECB Vice President Luis de Guindos. The ECB stressed last week that it would stop buying bonds in the third quarter of the year and raise interest rates sometime after […]
Luis de Guindos: The ECB should look at the progress of the Greek economy
The European Central Bank will have to look at Greece’s economic progress when deciding whether to continue lending despite its junk credit rating in the coming days, ECB Vice President Luis de Guindos said. The ECB has accepted Greek bonds as collateral and even bought some as part of its latest program to boost economies, […]
De Guindos (ECB): Europe will not enter a recession due to the war in Ukraine
European Central Bank Vice President Luis de Guindos warned today that inflation would continue to affect Europe, but that the European economy would not enter a recession as a result of the Russian invasion of Ukraine. “Inflation was already high and will go even higher … but we will not go into recession,” de Guindos […]
Guindos (ECB): Inflation will decline in 2022, albeit at a slower pace
Eurozone inflation is expected to decline next year as the drivers of the rise remain temporary, although the slowdown will be slower than previously expected, European Central Bank Vice President Luis de Guindos said today. broadcasts Reuters. “Inflation next year will undoubtedly slow down, but the intensity of the fall may not be what we […]
Guindos warns governments that stimulus must be withdrawn carefully to avoid bankruptcies
Luis de Guindos It has warned governments of the danger of withdrawing the stimulus, as this could lead to a wave of bankruptcies or insolvencies in companies that could end up infecting the financial sector. The vice president of the European Central Bank has participated in a meeting organized by IESE in which he has […]
The ECB dismisses as “illegal” and “meaningless” the petition to forgive debt signed by the president of the PSOE and Podemos
The European Central Bank disqualifies as “illegal” and “meaningless”, the debt forgiveness proposal supported, among others, by the president of the PSOE, Cristina Narbona, and the economic manager of Podemos, Nacho Alvarez. “Debt cancellation is illegal under the treaties, but I would like to point out that it is not just a legal issue or […]
The banks anticipate negative rates until 2031 and ask the Government to be cautious when withdrawing stimuli to avoid a “cliff effect”
The quicksand in which Spanish banking moves can be longer than the managers of the sector planned. To the consequences of the current economic crisis, such as low credit demand and the expected increase in delinquency, is a negative interest rate scenario that could be extended until 2031. Financial markets expect the Euribor to remain […]