ECB's de Guindos: The disinflation course of is effectively on observe
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- Dangers to financial development stay tilted to the draw back
- We aren’t pre-committing to a specific fee path
- If incoming information confirms our baseline, we will count on additional fee cuts
- However excessive degree of uncertainty requires prudence when it comes to rate-setting
This text was written by Justin Low at www.ubaidahsan.com.
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