Spain's economy minister and new ECB VP Luis de Guindos 20 Feb
- US fiscal policy becoming more expansive
- Spanish exports show ongoing competitiveness
- Spain still vulnerable to interest rate increases
- extraordinary mon pol is for extraordinary times
- doesn't know who will succeed him to ministry post
Yesterday de Guindos officially got the nod to replace Constancio as ECB VP in June so now his thoughts will take on greater gravitas. I had some thoughts on the impending decision here.
Mixed messages in these comments. Dovish concerns on rate rises but is he saying we are no longer in extraordinary times?
EURUSD similarly not sure at 1.2343, EURGBP 0.8827 EURJPY 132.26
