European Central Bank's Stance on Monetary Policy Amidst Global Uncertainties
In a recent address at the 15th Spanish Investors Day 2025, Luis de Guindos, Vice-President of the European Central Bank (ECB), highlighted the imperative for prudence in monetary policy decisions. The backdrop of his discourse was the prevailing 'high level of uncertainty' that shadows the global economic landscape.
De Guindos pointed out several significant challenges that could destabilize economic equilibrium, including global trade tensions, unpredictable fiscal policies, and geopolitical risks affecting energy markets. He emphasized the ECB's commitment to a data-driven approach, steering clear of rigid rate trajectories. 'Given the high level of uncertainty, we will continue to follow a data-dependent and meeting-by-meeting approach to determining the appropriate monetary policy stance,' he stated, underscoring the bank's adaptive strategy in these turbulent times.
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