ECB’s Wunsch: Inflation jump is transitory
|The European Central Bank (ECB) policymaker Pierre Wunsch said on Friday, the rising price pressures in the Euro area are transitory.
Additional comments
"The economy is on the right path."
"We are not at our inflation goal just yet."
"There are unknown factors surrounding second-round inflation effects."
"ECB is quite flexible on stimulus."
Market reaction
EUR/USD is unfazed by the above commenting, recovering further ground above 1.1600 amid a fresh leg down in the US dollar. The European equities have a positive start to the day.
The spot was last seen trading at 1.1612, up 0.15% on the day.
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