ECB’s De Guindos sees a stable rebound of euro zone financial system in third-quarter

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ECB’s De Guindos sees a stable rebound of euro zone financial system in third-quarter


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Economy6 hours ago (Sep 01, 2020 04: 05AM ET)

© Reuters. FILE PHOTO: European Union finance ministers meet for monthly talks in Brussels© Reuters. FILE PHOTO: European Union finance ministers meet for monthly talks in Brussels

MADRID (Reuters) – The euro zone financial system has experienced a stable restoration in the third quarter even though basically the most latest incoming data in August were much less sturdy, European Central Bank Vice President Luis de Guindos stated on Tuesday.

“Within the third quarter there was as soon as a predominant amplify in economic activity. July’s data had been very stable and in August there was as soon as some lack of depth,” De Guindos stated at a financial match.

The ECB’s Vice President additionally stated he anticipated the incoming inflation data of the bloc to continue falling in the quick term even though he expects “some form” of rebound in 2021.

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