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ECB's de Guindos: not pre-committed to a particular rate path

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ECB's de Guindos: not pre-committed to a particular rate path

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New update 2024.04.30 05:08
ECB's de Guindos: not pre-committed to a particular rate path

update 2024.04.30 05:08

At a Euro 50 Group meeting on Monday, European Central Bank (ECB) Vice-President Luis de Guindos highlighted the ECB's progress on inflation, but pulled back from making any clear projections on the pace of rate cuts.

Key highlights

  • Not pre-committing to a particular rate path.
  • Risks to growth outlook remain elevated, tilted towards the downside.
  • Expects consumer spending to strengthen.
  • Economic activity is improving, albeit gradually.
  • Stronger-than-expected policy transmission could produce downside shocks.
  • Geopolitical landscape remains an upside inflation risk.
  • 2% inflation target to be hit in 2025, but substantial risks remain.
  • Wage growth is showing signs of easing.
  • Inflation is expected to fluctuate near current levels for now.
  • The slowdown in services inflation has stalled.
  • Still plenty of work to be done on inflation.
  • Inflation still headed in the right direction.

Date

Created

 : 2024.04.30

Update

Last updated

 : 2024.04.30

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