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ECB's de Guindos says "I think that we have to wait before deciding on the next interest rate move. We need more clarity about the conflict in Iran. We will have new projections in June. Let’s see the data", when asked about a June rate hike

The comments from ECB's de Guindos suggest a cautious approach to the next interest rate decision, emphasizing the need for clarity regarding geopolitical developments, specifically the situation in Iran.

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ECB's de Guindos says "I think that we have to wait before deciding on the next interest rate move. We need more clarity about the conflict in Iran. We will have new projections in June. Let’s see the data", when asked about a June rate hike

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This signals that any potential movement on rates may be data-dependent and conditional on upcoming economic projections in June, which could impact market expectations and sentiments surrounding Eurozone monetary policy.

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