ECB’s Guindos: Markets Shouldn’t Doubt Resolve on Fragmentation

2022.06.16 13:40

ECB’s Guindos: Markets Shouldn’t Doubt Resolve on Fragmentation

(Bloomberg) — Investors shouldn’t question the European Central Bank’s resolve to undue prevent panic on government bond markets as interest rise from record lows, according to Vice President Luis de Guindos.

• “Markets should have no doubts about how determined we are to address fragmentation,” Guindos tells Greek newspaper Ta Nea in interview
• Commenting a day after the ECB accelerated the completion of a new anti-fragmentation instrument, Guindos says deviations in bond yields of euro-area members has  “always been a concern for the Governing Council”
• Guindos also says record inflation will only gradually start to come down later this year
• “Inflation is more persistent and broad-based than we thought some months ago, but it will continue declining in 2023 and 2024”
• Future decisions on interest rates “will be data-driven”
• Click here to read full interview

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