European Central Bank (ECB) And Fight Against Inflation

European Central Bank (ECB) Vice President Luis de Guindos said on Monday that “growth slowdown is not enough to ease inflation.”

“Inflation expectations need to be well anchored,” the central bank policymaker said.

Market reaction

The shared currency is unfazed by the above comments, with EUR/USD losing 0.37% on the day to trade at 0.9971 at the time of writing.