ECB’s de Guindos: Rapid pace of disinflation likely to slow down in 2024

During his scheduled appearance on Wednesday, European Central Bank (ECB) Vice President Luis de Guindos said that “the rapid pace of disinflation that we observed in 2023 is likely to slow down this year.”

Additional takeaways

Disinflation process to pause temporarily at the beginning of the year.

Growth developments are more disappointing.

Incoming data indicate that future remains uncertain, prospects tilted to the downside.

Market reaction

At the press time, EUR/USD Is defending minor bids at around 1.0940, up 0.07% on the day.