Luis de Guindos urges ECB caution on further rate hikes
Updated
Updated · Crypto Briefing · May 11
Luis de Guindos urges ECB caution on further rate hikes
12 articles · Updated · Crypto Briefing · May 11
In his final public remarks before Boris Vujčić succeeds him, the outgoing vice-president told the Financial Times eurozone growth data due soon was likely to disappoint.
The ECB kept its key rate at 2% on 30 April, while inflation stands at 2.6%, leaving policymakers torn between above-target prices and weakening activity.
His warning builds on earlier concerns that the Iran conflict could hit growth harder over time, and may shape expectations for the ECB's June meeting and possible later-2026 cuts.
With stagflation looming worldwide, are central banks' traditional economic tools now obsolete?
Could the Iran war's energy shock ironically fast-track the world's green energy transition?
Beyond soaring oil prices, is the world on the brink of a widespread, war-fueled food crisis?