European Central Bank (ECB) Vice President Luis de Guindos stated on Tuesday in an interview with CNBC that the central bank is not pursuing a predetermined trajectory of reducing interest rates due to the prevailing high uncertainty.
"We have to be very prudent," he said. "Inflation will have its ups and downs this year," Guindos added. Additionally, he noted that the European Union's GDP growth in the second quarter was "not too much different" from that of the first quarter.
Guindos expressed his belief that the economy will exhibit greater strength in the second half of 2024 compared to the first half. However, he also acknowledged that the upcoming months will pose challenges and "won't be easy for the Eurozone's inflation."
