ECB's de Guindos: It is very important to avoid a trade war

  • Remarks by ECB vice president, Luis de Guindos
  • We need a prudent and intelligent approach regarding latest tariffs announcement
  • Need to keep a clear head
  • Our analysis on tariffs is that it leads to impact on supply
  • The impact on inflation is less clear
  • Have to take into account all factors on monetary policy

He's mostly reaffirming a meeting-by-meeting approach as they are waiting to see how all of this plays out. In the meantime, it won't be stopping them from cutting rates again in March at least.

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