ECB’s de Guindos: We are open-minded with respect to the future

European Central Bank (ECB) Vice President Luis de Guindos said during the weekend that the banking sector is “going through a period of very high uncertainty” that dictates a meeting-by-meeting approach on interest rate policy, per an interview posted on the ECB website.

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Appropriate not to pre-commit to outcomes of monetary policy meetings.

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.