ECB's de Guindos: Euro-zone inflation is to deteriorate in the coming months

The European Central Bank's (ECB) vice president Luis de Guindos crossed the wires in the last hour, saying that indicators point to very moderate global growth and the Euro-zone inflation is to deteriorate in the coming months.

Key quotes:

   •  Euro-area economic risks clearly tilted to the downside.
   •  ECB is prepared to act if deterioration continues.