ECB's de Guindos urges prudence on rates in parting shot

ECB Vice President Luis de Guindos urged caution on an expected interest-rate hike next month, citing weakening growth prospects. The message signals a more prudent stance on policy tightening and suggests the ECB may be less aggressive if economic momentum deteriorates further.

Analysis

ECB Vice President Luis de Guindos urged caution on an expected interest-rate hike next month, citing weakening growth prospects. The message signals a more prudent stance on policy tightening and suggests the ECB may be less aggressive if economic momentum deteriorates further.