ECB’s Panetta: Governing Council should reassess the macroeconomic outlook
|
Further comments crossing the wires from the European Central Bank (ECB) Executive Board Member Fabio Panetta’s interview with the Portuguese newspaper Expresso.
Panetta said: “We should expect the Governing Council to reassess the macroeconomic outlook.”
Additional quotes
And also recalibrate its measures accordingly.
Outlook for inflation has clearly deteriorated.
It is clear that our stimulus so far has not been sufficient.
In spring, we reacted quickly and we should do so again.
Need to eliminate doubts about our determination to preserve price stability.
We have firepower, we have instruments that we can calibrate.
Earlier today, the policymaker said that “there should be no doubt on the central bank’s inflation commitment.”
Market reaction
EUR/USD flirts with daily highs near 1.1930, as the US dollar loses further ground against its main peers amid a recovery in the risk sentiment.
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.