ECB Deputy Governor Guindos: The Euro Area Is Now Facing A Challenging Outlook

ECB Deputy Governor Guindos: The Euro Area Is Now Facing A Challenging Outlook

Speech by Luis de Guindos, Vice-President of the ECB, at the CIRSF (Research Centre on Regulation and Supervision of the Financial Sector) Annual International Conference 2022 “The future of the EU financial system in a new geo-economic context”

Some highlights:

• Very High Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term Is Dampening Spending And Production
• Period Of Heightened Uncertainty 'Here To Stay'
• Price Pressures Have Continued To Strengthen And Broaden
• Monetary Policy Needs To Walk A Fine Line To Get It Right
• Depreciation Of The Euro Also Adds To These Inflationary Pressures
• Growth To Slow 'Substantially'

All very sober, as one would expect given the current environment... How long until the ECB start cutting into the hikes??