ECB comments and data show the ECB is stuck between a rock and a hard place

(Kitco News) – This morning we have heard from the Vice-President of the ECB, Luis de Guindos. He sounded pretty bullish on the European economy saying “We expect a strong activity increase in H2”. He then added the ECB’s mandatory note of caution saying that uncertainty remains high and that it is better to “err on the side of prudence” when it comes to withdrawing stimulus.

Bookmark and Share