ECB's de Guindos urges prudent on rates amid stagnating growth
The European Central Bank (ECB) outgoing Vice President Luis de Guindos said that the central bank needs to be prudent when deciding on an expected interest rate hike next month as growth was set to weaken, the Financial Times reported on Monday.
The cautious stance on interest rates may lead to a bearish sentiment in the euro, as traders anticipate weaker growth. This could result in a depreciation of the euro against other currencies.
The European Central Bank (ECB) outgoing Vice President Luis de Guindos said that the central bank needs to be prudent when deciding on an expected interest rate hike next month as growth was set to weaken, the Financial Times reported on Monday.
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