ECB's de Guindos: The new variant is worrying

European Central Bank Vice President Luis de Guindos said on Friday that the new Covid-19 variant is worrying. We have to be patient even if markets are volatile, he added, before stating that it is his personal opinion that policy will remain accommodative. On the PEPP he said it will end in its expected size at the end of March. 

Market Reaction

The euro has not reacted to the latest remarks from de Guindos, though it has in recent trade managed to pop back to the north of the 1.1300 level.