ECB’s de Guindos sees ‘intense’ economic rebound in 2H 2022

The European Central Bank (ECB) Vice President Luis de Guindos said Tuesday that he “sees an economic rebound in the second half of 2021.”

He warned that they “must avoid making temporary inflation jump permanent.”

Market reaction 

EUR/USD is refreshing fresh daily lows near 1.1835, hurt by a rebound in the US dollar and mixed German ZEW data. The spot is losing 0.20% on the day.

Read: German ZEW Economic Sentiment Index slumps to 63.3 in July, EUR/USD tests lows

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