ECB/Guindos: While there are doubts about economic growth, the disinflation process continues.

Foreks - European Central Bank (ECB) Vice President Luis de Guindos stated that the economic outlook for the Eurozone is complicated due to fears surrounding the trade war with the U.S., but at least inflation is moving towards the ECB's target of 2%. He noted, "We have good news regarding inflation. While there are doubts about economic growth, the disinflation process continues. We believe that we will sustainably achieve our definition of price stability set at 2% in the coming quarters."

In his comments yesterday, Guindos emphasized that due to the increasing uncertainty from global trade tensions and government spending plans in Europe, it is too early to say whether the ECB will lower interest rates again next month.