<p>ECB Deputy Governor Guindos: The Euro Area Is Now Facing A Challenging Outlook</p><p><a target=“_blank“ href=“https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220915~84012f3dea.en.html“ target=“_blank“ rel=“nofollow“>Speech by Luis de Guindos, Vice-President of the ECB, at the CIRSF (Research Centre on Regulation and Supervision of the Financial Sector) Annual International Conference 2022 “The future of the EU financial system in a new geo-economic context”</a></p><p>Some highlights:</p><ul><li>Very High <a target=“_blank“ href=“https://www.cfdmagnates.com/fl/education/terms/edit-term/ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa“ target=“_blank“ id=“ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa_1″ class=“terms__main-term“>Inflation</a> Is Dampening Spending And Production </li><li>Period Of Heightened Uncertainty ‚Here To Stay‘ </li><li>Price Pressures Have Continued To Strengthen And Broaden </li><li>Monetary Policy Needs To Walk A Fine Line To Get It Right </li><li>Depreciation Of The Euro Also Adds To These Inflationary Pressures </li><li>Growth To Slow ‚Substantially'</li></ul><p>All very sober, as one would expect given the current environment… How long until the ECB start cutting into the hikes?? </p>

This article was written by Ryan Paisey at forexlive.com.