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KM Financial Solutions | ECB’S de Guindos does not foresee euro zone entering into recession
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ECB’S de Guindos does not foresee euro zone entering into recession

13 Oct ECB’S de Guindos does not foresee euro zone entering into recession

Posted at 07:51h in News by
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European Central Bank’s
vice-president Luis de Guindos on Monday said he did not foresee
the euro zone entering into recession but foresaw the bloc
experiencing lower economic growth for a longer period.
Last month, the ECB cut rates deeper into negative territory
and promised bond purchases with no end-date in a bid to reverse
the renewed slow down in the euro zone’s economy nearly a decade
after the bloc’s debt crisis.

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