European Central Bank Vice President Luis de Guindos spoke in an interview posted on the ECB’s website on Sunday.
Banking sector is “going through a period of very high uncertainty” that dictates a meeting-by meeting approach on interest rate policy
- appropriate not to pre commit to outcomes of monetary policy meetings
- "We are open-minded with respect to the future,”
- “The question now is how the events in the US banking system and Credit Suisse will impact the euro-area economy,”
- “Over the next weeks and months, we need to assess whether they will give rise to an additional tightening of financing conditions.”
- Earlier post re other ECB comments:
ECB's Schnabel says that while headline inflation has begun falling, core is sticky
Last week the European Central Bank raised rates by 50bp.
De Guindos not committing to what's ahead.
EUR/USD is up a touch in early Asia trade:
