ECB's Lane: Food inflation will reverse later this year
|European Central Bank (ECB) Chief Economist, Philip Lane, said on Friday, “food inflation will reverse later this year.”
Additional quotes
“Energy price fall will feed into core prices but timeframe is uncertain.”
“There are some upside risks to wage growth.”
“Real wage growth correction has to be a gradual process.”
“Uncertainty in models high.“
“No sense of certainty in terminal rate.”
Market reaction
At the time of writing, EUR/USD is trading modestly flat at 1.0730, awaiting the US PCE inflation data for fresh trading impetus.
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.