ECB's de Guindos: We will continue to follow a data-dependent approach

<ul><li>We are now beginning to see impact of rate hikes on parts of the economy</li><li>Our job is not yet done</li><li>While underlying price pressures remain strong, most indicators have started to show some signs of softening</li><li>Services inflation and labour costs need to be closely monitored</li></ul><p>Some token remarks there by de Guindos. This doesn't tell us much about September but you can understand why they have to wait until after the July decision to really speak anything about that.</p>

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