ECB decisions to reflect better growth: de Guindos
The euro zone economy is growing quicker than earlier predicted and the European Central Bank will factor this into its policy decisions, ECB Vice President Luis de Guindos told a Spanish newspaper.
As borrowing costs stay extra low and the euro zone has largely avoided the worst of the pandemic's Delta variant, several policymakers have called for a reduction in emergency bond purchases as soon as next week, in preparation for their end next March.
ECB to raise growth forecast next week: de Guindos
The euro zone economy is growing quicker than the European Central Bank expected, paving the way for eventual withdrawal of copious stimulus, ECB Vice President Luis de Guindos told a Spanish newspaper.
“The economy is performing better in 2021 than we expected, and this will be reflected in the projections that will be published in the coming days,” El Confidencial quoted de Guindos as saying on Wednesday.
“If inflation and the economy recover, then there will logically be a gradual normalisation of monetary policy, and of fiscal policy too,” he added.
Reference: Reuters
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