ECB's de Guindos: Facing brutal uncertainty ...Middle East

Facing brutal uncertainty.Q2, Q3 growth will be almost flat.Consumption as a driver hasn't happened.Current interest rate position is correct.Seen remarkable services inflation deceleration.Inflation figure has been positive.Rate policy is compatible with convergence to 2% target.We must keep all rate options open because of uncertainty.

Central bankers have been lamenting about high uncertainty since Trump started with his tariffs. The Fed has been the only central bank taking a more cautious approach and not adjusting monetary policy, while others like the ECB delivered rate cuts because of growth fears.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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