ECB’s de Guindos: It is very important to avoid a trade war

European Central Bank (ECB) Vice President Luis de Guindos said on Monday, “it is very important to avoid a trade war.”

Additional quotes

We need a prudent and intelligent approach regarding latest tariffs announcement.

Need to keep a clear head

Our analysis on tariffs is that it leads to impact on supply.

The impact on inflation is less clear.

Have to take into account all factors on monetary policy.

Market reaction

These comments fail to move a needle around the Euro, with EUR/USD down 0.08% on the day to trade near 1.0320.