ECB's de Guindos: Recent data suggests we can be more optimistic about growth

Author: Justin Low | Category: Central Banks

Comments by ECB vice president, Luis de Guindos

I don't want to burst his bubble but it is a bit too early to draw any conclusions from recent economic data seen in May and June surely. Yes, there's no major setback and conditions are improving from month-to-month.

However, we can only draw more conclusions about how robust this recovery is once we settle down more into the new normal in Q3 and Q4 this year.

In any case, I wouldn't read too much into the remark here. PEPP stimulus is here to stay for some time and I don't expect the ECB to risk a taper tantrum of sorts at this stage.
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