ECB's Makhlouf: QE will probably end before we raise interest rates
|European Central Bank governing council member Gabriel Makhlouf said on Friday that the ECB will probably end the quantitative easing program before raising interest rates but refrained from commenting on timing, as reported by Reuters.
Additional takeaways
"Current inflation trend is transitory, would not disagree that a number of pressures are longer lasting."
"If this is more than transitory, we will respond."
"Some of us do believe the ECB inflation forecasts are too pessimistic."
"Some of us do believe that at the moment the forecast of reaching inflation of 1.5% in 2023 is too low."
"There is a discussion and a debate to be had."
Market reaction
The EUR/USD pair largely ignored these comments and was last seen rising 0.13% on the day at 1.1780.
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.