FRANKFURT (Reuters) -The European Central Bank's interest rates are at the appropriate level barring changes in the economic situation, the ECB's Vice President Luis de Guindos said in an interview
ECB Vice President Affirms Current Interest Rates Are Appropriate
Current Status of ECB Interest Rates
FRANKFURT (Reuters) -The European Central Bank's interest rates are at the appropriate level barring changes in the economic situation, the ECB's Vice President Luis de Guindos said in an interview published on Monday.
Factors Influencing Rate Decisions
"If inflation developments deviate, or if projections are modified, and if transmission is not correct, then we may change," de Guindos told Portuguese daily Diário de Notícias. "But so far, we firmly believe that the level of interest rates is correct."
Economic Uncertainty and Trade Deals
He said the ECB needed to remain "very prudent and cautious" when setting rates even though the level of uncertainty, especially after a trade deal between the European Union and the U.S., had decreased in the past six months.
(Reporting by Francesco Canepa; Editing by Chris Reese)
