ECB's de Guindos: Perhaps wage-bargaining process has been postponed

European Central Bank (ECB) Vice President Luis de Guindos argued on Thursday that the wage-bargaining process, perhaps, had been postponed in the euro area, as reported by Reuters.

"if we start to see second-round effects, then inflation will become much more complicated and monetary policy will have to respond," de Guindos added and noted that ECB President Lagarde's press conference reflected the majority view of the Governing Council.

Market reaction

These comments don't seem to be having a noticeable impact on the shared currency's performance against its rivals. As of writing, EUR/USD was up 0.12% on the day at 1.1435.