VOT Research Desk
According to Reuters, European Central Bank (ECB) Vice President Luis de Guindos stated on Friday that the Eurozone’s economic slowdown will not be as severe as predicted a few weeks ago.
Inflation numbers for November were positive. In the eurozone, inflation will be around 7% by mid-2023.
Future interest rate hikes will be determined by incoming data. We are seeing signs that inflation is slowing.
The EUR/USD pair had no immediate reaction to these remarks and was last seen trading at 1.0535, up 0.14% on the day.
