Economic Indicators
ECB’s De Guindos: will do whatever it takes to bring inflation down
2022.10.14 03:44
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© Reuters. FILE PHOTO: Luis de Guindos, vice-president of the European Central Bank, speaks during a Reuters Breakingviews event in New York, U.S., April 25, 2019. REUTERS/Brendan McDermid/
BERLIN (Reuters) – The European Central Bank is prepared for a possible technical recession paired with high inflation, which must be brought down to maintain market confidence, European Central Bank Vice-President Luis de Guindos said.
“We will do whatever is necessary to bring inflation back to our 2% target over the medium term,” De Guindos said in an interview with Lithuanian weekly Verslo žinios, published on the central bank’s website on Friday.
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