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Luis de Guindos: ‘I used to be more of a hawk, now I’m on the side of prudence’

5 May 2026 at 16:36

Luis de Guindos, vice president of the ECB, on April 30 in Frankfurt.

When he took over as vice president in 2018, Luis de Guindos, 66, faced what seemed like the most uneventful term in the history of the European Central Bank (ECB). “I thought we weren’t going to move interest rates, neither up nor down; they had been unchanged for a long time, and I thought they would stay that way,” he recalls now.

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Luis de Guindos poses after the interview next to his chair in the ECB Governing Council meeting room.

Luis de Guindos arrives alongside ECB President Christine Lagarde at his final press conference as vice president on April 30 in Frankfurt.

Luis de Guindos, vice president of the ECB, photographed in his office at the Frankfurt headquarters.