Spain’s March trade deficit EUR160 mln (expected deficit of EUR720 mln; last deficit of EUR2.46 bln)
European Central Bank policymaker de Guindos said that the bulk of policy tightening has been done already but services inflation remains worrisome for the ECB. Meanwhile policymaker Muller said that it is premature to expect a rate cut in early 2024.
The EU and U.K. are reportedly looking to boost cooperation on regulation of financial services.