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Commenting on last week’s inflation data release, European Central Bank (ECB) Vice President Luis de Guindos said on Monday, “recent inflation data is good news but it is too early to declare victory.”
Additional quotes
It’s been a ‘positive surprise’.
Increase in wages can still have an impact on inflation.
Monetary policy stance will be data-dependent.
Market reaction
At the time of writing, EUR/USD is trading modestly flat on the day at 1.0876.
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