ECB’s de Guindos: Must Be “Very Vigilant” if Chinese Trade Diversion to Europe Grows | Crypto Craft

  • ECB’s de Guindos: Must Be “Very Vigilant” if Chinese Trade Diversion to Europe Grows

    From econostream-media.com

    The European Central Bank would need to be "very vigilant" if low-priced Chinese exports to Europe increased further, ECB Vice President Luis de Guindos said. In an interview with Econostream on Friday (transcript here), de Guindos said the ECB was in a better position on growth-now "more resilient" than expected—and on inflation, which he said was "converging to target." Asked which risks could prompt a policy shift, de Guindos cited geopolitical tensions in Ukraine, the Middle East and Iran, as well as rising competition from China abroad and at home. In the euro area's foreign markets, China has become more ... (full story)

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