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ECB has to use available tools as pandemic hits inflation, de Guindos says - Metro US

ECB has to use available tools as pandemic hits inflation, de Guindos says

FILE PHOTO: EU finance and economy ministers hold informal meeting in Berlin

FRANKFURT (Reuters) – The European Central Bank has to use the tools at its disposal as the coronavirus pandemic depresses inflation expectations and an incipient recovery loses steam, ECB vice president Luis de Guindos said on Thursday.

“Inflation expectations are very subdued as a result of the pandemic and some specific factors and we have to act with the tools available to us,” de Guindos said in response to a question about the ECB’s bond purchases during a live interview with Spanish newspaper el Economista.

(Reporting By Francesco Canepa; Editing by Toby Chopra)

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