ECB's Draghi: ECB could look through transitory inflation weakness - Bloomberg
|According to a recent report by Bloomberg, European Central Bank President Draghi said the ECB could look through transitory inflation weakness when formulating monetary policy.
Key quotes (via Bloomberg):
- While there are still factors that are weighing on the path of inflation, at present they are mainly temporary factors that typically the central bank can look through
- A considerable degree of monetary accommodation is still needed for inflation dynamics to become durable and self-sustaining
Following the report, the EUR/USD leaped to its highest level since late August of 2016 at 1.1330.
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.