ECB Vice President Luis de Guindos said policy makers are “currently analyzing the causes of the economic slowdown in Europe, some of which are temporary”. But he emphasized that “we will not take a decision until we have conducted a thorough analysis.”
And, regarding inflation, he said “even if energy prices were to fall a little in the coming months, we are confident that inflation will, over the medium term, converge towards our aim of below, but close to, 2 percent.”
On no-deal Brexit, de Guindos said “a disorderly Brexit… would represent a significant macroeconomic shock at a time when the European economy is already weakened.”
