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Guindos: The euro area economy and our monetary policy stance
Despite the somewhat better than expected data for the first quarter, in part due to temporary factors, the most recent information indicates that global headwinds continue to weigh on the euro area outlook. In particular, world trade remains subdued due to rising trade tensions and the global growth momentum has slowed somewhat, mainly on account of the weakness in manufacturing. Moreover, downside risks have increased on account of the re-escalated trade dispute between the US and China. Also, uncertainty surrounding Brexit is prolonged and fragilities in emerging market economies remain. While inflation is ... (full story)
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ECB'S DE GUINDOS SAYS THE GOVERNING COUNCIL IS DETERMINED TO ACT IN CASE OF ADVERSE CONTINGENCIES AND STANDS READY TO ADJUST ALL OF ITS INSTRUMENTS, AS APPROPRIATE
— RedboxGlobal (@RedboxWire) June 10, 2019
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