ECB's Guindos Says Inflation Data Are Going in Right Direction.

European Central Bank Vice President Luis de Guindos stated that Euro-area consumer-price numbers are showing positive signs for policymakers, with inflation expected to converge towards the 2% target. Despite three rate cuts since June, the ECB is likely to cut rates again next month, depending on inflation trends. Guindos also noted a slower-than-expected economic recovery and expressed concerns about the impact of potential US tariffs under a returning Donald Trump administration. [Extracted from the article]