ECB's de Guindos: Present policy stance is appropriate

  • Comments from the ECB Vice President, Luis de Guindos from MNI
ECB
  • We must continue having a very prudent approach
  • Environment is quite uncertain
  • Growth in H2 won't be very different from Q2
  • Risks from fiscal policy are becoming more tangible
  • Growth risks are now much more balanced
  • Valuation of markets are very elevated
  • We have to accept small deviations from the inflation goal

We already got his views yesterday here and he's obviously not saying anything new here.

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