European Central Bank Vice President de Guindos stated that multiple scenarios will be considered at the March 19 meeting.

Investing.com – European Central Bank Vice President Luis de Guindos said on Wednesday that market volatility could amplify economic shocks, and the ECB will review various growth and inflation scenarios at its policy meeting on March 19.

De Guindos stated that policymakers need to remain calm at the upcoming meeting, but he acknowledged that forecasting has become more complex, and market fluctuations could intensify the actual impact on the real economy.

He said at a conference in Madrid, “The shock effects of energy shocks could be amplified and may lead to a more pronounced impact on economic activity.”

De Guindos said that the ECB now needs to consider various scenarios, just as it did four years ago when Russia attacked Ukraine, and accept the reality that uncertainty is high and forecasts are more difficult.

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