ECB Vice President de Guindos Warns Against Premature Rate Cut Talk Amid Inflation Risks

ECB Vice President Luis de Guindos warns that talk of lowering borrowing costs in the coming months is premature, as the central bank still sees risks of higher inflation. He emphasizes the need for prudence and caution, citing downside risks to economic growth. De Guindos also mentions that leading indicators point to a somewhat more negative growth outlook. This comes after ECB's Wunsch acknowledges the presence of stagflation and falling inflation.