ECB's de Guindos: Eurozone inflation to remain at 4%-5% at year-end

Inflation is likely to remain at the 4%-5% range at the end of the year in the eurozone, European Central Bank (ECB) Vice President Luis de Guindos said on Wednesday.

The debt-buying programme, the Asset Purchase Programme (APP), is likely to stop in July, de Guindos further added.

Market reaction

These comments don't seem to be having a significant impact on the shared currency's performance against its major rivals. As of writing, the EUR/USD pair was up 0.25% on a daily basis at 1.0555.