COLOGNE, Germany (Reuters) – Recent economic data from the euro zone point to a substantial slowdown in growth and downside risks to the economy have even intensified, European Central Bank Vice President Luis de Guindos said on Wednesday.
Even as growth fades, inflation remains far too high and the ECB will need to keep tightening policy because its current 0.75% deposit rate is still providing accommodation, de Guindos told a conference.
(Reporting by Balazs Koranyi; Editing by Francesco Canepa)
