ECB’s de Guindos: It’s premature to discuss rate cuts

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European Central Bank (ECB) Vice President Luis de Guindos said on Wednesday, “central bank will not prejudge further movements in the policy rate.”

Additional quotes

Haven’t seen extreme moves in bond spreads.

It’s premature to discuss rate cuts.

ECB is data-dependent and policy communication is very clear.

Markets’ soft-landing hopes may be a bit optimistic.

Market reaction

EUR/USD is unfazed by the above comments, still holding its range around 1.0900, as of writing.