in Economy

Coronavirus had huge market impact but policymaker caution needed: ECB

99 Views

FRANKFURT (Reuters) – European Central Bank Vice President Luis de Guindos cautioned against a hasty response to the coronavirus outbreak, even if the outbreak has already had a “huge” impact on global markets.

“I think we have to be very prudent. We are in the first stage of this outbreak and know very little about the characteristics of the virus so far”, de Guindos told Greek broadcaster ERT in a television interview.

“The outbreak of the coronavirus is an important element that has had a huge impact on equity markets and commodity prices,” de Guindos said. “Markets don’t like uncertainties.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Economy - investing.com

ECB should simplify inflation target but avoid big rise: Weidmann

Why I’m Joining Cointelegraph Magazine as Managing Editor