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ECB to raise rate ‘if and when’ it sees fit, de Guindos says

Economy1 hour ago (Feb 10, 2022 12:21)

© Reuters. FILE PHOTO: Vice-President of the European Central Bank (ECB) Luis de Guindos gives a statement during the second day of the Informal Meeting of EU Ministers for Economics and Financial Affairs in Berlin, Germany September 12, 2020. Odd Andersen/Pool via

FRANKFURT (Reuters) – The European Central Bank will raise its main interest rate only “if and when” it sees inflation stabilising at its 2% goal and regardless of what other central banks are doing, the ECB’s vice-president Luis de Guindos said on Thursday.

“It’s natural that central banks around the globe won’t necessarily start raising rates at the same time,” de Guindos said. “We are guided by our forward guidance conditions and will act if, and when, they have been met.”

ECB to raise rate ‘if and when’ it sees fit, de Guindos says

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