By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Álvaro Santos Pereira said on Wednesday that it is “more than premature” to speculate about future interest rate moves.
In the presentation of the Economic Bulletin of the Banco de Portugal, which he heads, Pereira said that the ECB remained “ready to respond to any eventuality.”
He said that upcoming rate decisions would depend on how the conflict evolves, as well as on inflation developments.
“Speculating about interest rates now would be more than premature,” Pereira said.
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