ECB's de Guindos: Inflation is to be around 2% next year

  • Remarks by ECB vice president, Luis de Guindos
  • Sees huge uncertainty in the economy

They're going all out to justify their rate cut yesterday, trying to convince that policy need not be as restrictive as before. As things stand, a July move can be safely ruled out. However, another rate cut in September is still plausible at this stage.

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