ECB Vice-President Luis de GuindosECB Vice-President Luis de Guindos

Split, Croatia — A speech held by Luis de Guindos, Vice-President of the European Central Bank (ECB), on Wednesday, confirmed a dovish scenario for this year’s rate setting decision.

De Guindos is quoted in a text shared by the Frankfurt, Germany-based lender of last resort.

We also expect inflation to ease further over the course of this year amid the fading impact of past energy shocks, supply bottlenecks and the post-pandemic reopening of the economy, and as tight financing conditions continue to weigh on demand. The disinflationary trend is also evident in both market and survey-based measures of inflation expectations, which have come down markedly at shorter horizons and are consistent with our target at longer horizons.

By Silvia Orfeo

Silvia Orfeo is a Sr. Politics and Economics Reporter at Nobot.News

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