ECB will maintain chopping charges and focus shifting to development, VP says

FRANKFURT (Reuters) – The European Central Financial institution will maintain chopping rates of interest as inflation falls and its focus is slowly shifting to development, which is proving fragile, ECB Vice President Luis de Guindos instructed a Finnish newspaper.

“Considerations about excessive inflation have shifted to financial development,” Helsingin Sanomat quoted de Guindos as saying. “The trajectory of our financial coverage is obvious – if our projections are confirmed, we are going to proceed making our financial coverage stance much less restrictive.”