11/18/2019, 11:15 AM (Source: TeleTrader)
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De Guindos: Recession not likely in euro area

Recession is not a likely outcome for the euro area despite risks for the European economy, European Central Bank (ECB) Vice President Luis de Guindos stated on Monday.

He added that it is clear the ECB's monetary policy has influenced the economy and created side effects. However, the central banker also stressed that the ECB's quantitative easing (QE) program isn't likely to reach its limits soon.

The ECB restarted its €20 billion per month QE program in November.

Breaking the News / VP