ECB de Guindos: It's premature to discuss rate cuts

European Central Bank (ECB) Vice President, Luis de Guindos, said on Thursday, “it's premature to discuss rate cuts.”

Additional quotes

“We are data dependent.”

“The current level of rates will help tame inflation.”

Market reaction

The Euro is little affected by the ECB commentary, as EUR/USD continues to trade close to 1.0500. The pair is up 0.05% on the day.