ECB's de Guindos says "it is very important for all of us that the principle of central bank independence is also applied to the Federal Reserve."
Newsquawk Staff ·
ECB's de Guindos says "it is very important for all of us that the principle of central bank independence is also applied to the Federal Reserve."
What it means
de Guindos emphasizes the necessity of maintaining central bank independence, directly linking it to the credibility of the Federal Reserve. This statement could be seen as supportive of the ECB's own policy stance and might lead to increased scrutiny of inter-central bank dynamics, potentially influencing both EUR and fixed income markets depending on how it's interpreted by traders and investors.
Sources
- US FX WRAP: Dollar sees two-way trade on geopols as US midterms await
- ECB’s Nagel says he is confident that France will get a grip on its budget issues; This isn't a task for monetary policy
- ECB’s Sleijpen says the Iran shock is more persistent than earlier thought but we don’t really see second-round effects yet
- ECB's Nagel says a rate hike in December is very likely going to be necessary
- Newsquawk Daily Economic Releases - 4th November 2026
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