ECB's de Guindos: Our objective is to bring inflation back to 2% target

<ul><li>Rate hikes are both for borrowers and savers</li><li>That is part of our monetary policy transmission</li><li>If savings become more attractive, consumers will spend less, reducing demand</li><li>This is what we aim for to push down inflation</li><li><a href="https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in231129~843744ae90.en.html" target="_blank" rel="nofollow">Full interview</a></li></ul><p>Besides the above, there's not much else that he is touching on in terms of policy and inflation. Besides that, he does note that they are still preparing for the introduction of a digital euro amid their preparation phase over the next two years.</p>

This article was written by Justin Low at www.forexlive.com.