ECB’s de Guindos: Any Discussion of Rate Cuts ‘Clearly Premature’ ...Middle East

ECB’s de Guindos: Any Discussion of Rate Cuts ‘Clearly Premature’FULL STORY via @EconoStreamEuropean Central Bank Vice President Luis de Guindos on Thursday said that the moment had not yet arrived to start discussing a reduction of ECB interest rates.‘We are not there yet. We will see how things evolve month by month, but our approach now is to keep interest rates at this level long enough to reach our target.’‘Any discussion about lowering interest rates is clearly premature’, he added, echoing ECB President Christine Lagarde following the ECB’s October decision to keep interest rates.‘[W]e believe that, if interest rates are maintained at their current levels, inflation will continue to f

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