ECB's de Cos: Inflation will remain high in the coming months
|"Inflation will remain high in the coming months," European Central Bank (ECB) Governing Council member and Spanish central bank chief Pablo Hernandez de Cos said on Friday, per Reuters.
Additional comments
Inflation will gradually slow down towards the 2% goal.
The APP will end at the start of Q3, hike to follow shortly after.
The process of increasing rates should be gradual.
We don't have predetermined normalization guideline.
EUR/USD bulls take a breather
EUR/USD fails to cheer the hawkish comments from ECB policymaker as the major currency pair retreats from intrady high of 1.0765 towards 1.0750 at the latetst.
Read: EUR/USD invades 1.0760 ahead of US PCE, DXY renews monthly lows
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.