ECB’s de Guindos: Evolution of core inflation will be key to future policy decisions

  • What happens in September is an open question
  • We need clear indications that inflation will converge to 2% target
  • Services inflation is much more persistent

They are not going to pre-commit to anything in September and that has been a pact that every one of them has been respecting and sticking to since June.

This article was written by Justin Low at Source