ECB’s de Guindos: Appropriate to reduce monetary restriction if inflation conditions are met
Source Fxstreet
"If our updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission were to further increase our confidence that inflation is converging to our target in a sustained manner, it would be appropriate to reduce the current level of monetary policy restriction," European Central Bank Vice President Luis de Guindos said on Thursday, per Reuters.
He noted that inflation has fallen further this year and that it's expected to continue to decline in the medium term, albeit at a slower pace.
Market reaction
EUR/USD showed no reaction to these comments and was last seen trading marginally higher on the day at 1.0680.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
On November 4, gold prices (XAUUSD) surged during the Asian trading session. As the Democratic Party won the U.S. midterm elections, the U.S. Dollar Index and U.S. Treasury yields weakene
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 4, 2026. Read on for the details.
Brent settled at $103.60, its lowest close since October 7 and an 8% weekly drop on US-Iran talks. Yet API crude stocks fell 5.267 million barrels versus a 2.1 million build expected.
AMD Q3 revenue rose 45% to $13.38B, data center jumped 97% to $8.5B, and EPS hit $2.09; Q4 guidance is $17B. The stock rose 3.65% to $483.90, but free cash flow was $554M versus $1.97B expected.
US Dollar Index (DXY) faces some selling pressure near 101.25 during the early Asian session on Wednesday. Traders will closely monitor the US midterm election outcomes later in the day for fresh impetus.
