Latest News

ECB expects Ukraine war to weigh on euro zone growth – de Guindos

© Reuters. FILE PHOTO: The European Central Bank (ECB) logo in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski

MADRID (Reuters) – Russia’s invasion of Ukraine will weigh on European economic growth but it remained too early to assess the full impact of the conflict, European Central Bank Vice President Luis de Guindos said on Wednesday.

“It is expected that the conflict, through the macroeconomic and the confidence side, will end up having an impact on inflation and lower growth,” de Guindos said. “The most significant effect for the future is the high importance that Russia has in the energy markets.”

Speaking just hours before the ECB went into a quiet period ahead of a March 10 policy meeting, de Guindos said February’s 5.8% inflation reading, published earlier in the day, was a negative surprise for the bank.

ECB expects Ukraine war to weigh on euro zone growth – de Guindos

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

What's your reaction?

In Love
Not Sure

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Latest News