In an interview with Spanish newspaper 20 Minutos on Thursday, European Central Bank (ECB) Vice-President Luis de Guindos said that it was too early for the monetary policy to start to ease, per Reuters.
De Guindos added that the ECB does not expect a technical recession in the Euro area and said that they would welcome a deal on the EU fiscal reform because that would reduce uncertainty in markets.
Market reaction
EUR/USD showed no immediate reaction to these comments. At the time of press, the pair was virtually unchanged on the day at 1.0945.
Source: https://www.fxstreet.com/news/ecbs-de-guindos-too-early-for-monetary-policy-to-start-to-ease-202312210756