The Vice-President of the European Central Bank (ECB), Luis de Guindos, said “expect a strong economic rebound in 2021/22“, as declared to the Spanish radio station” Onda Cero “.
Featured statements
“Activity is recovering to pre-pandemic levels in the first quarter of 2022.”
“Monetary policy must be carefully adjusted and always examine the progress of the pandemic.”
“The ECB monetary stimulus should be phased out prudently“.
“The recovery of the services sector continues to be key for Spain, since the country is highly dependent on tourism. “
“Investments from European financing continue to be key to the future of the region.”
“The inflation is around 3% by the end of the year. The price rally is still considered temporary mainly due to basic effects. “
“We expect inflation to remain transitory and don’t become structural. “
Market reaction
EUR / USD maintains its range below 1.1950, little moved by the previous comments.
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