Inflation affected by crude prices – ECB’s E.Nowotny
|Ewald Nowotny, member of the ECB’s Governing Council, has attached the ongoing low levels of inflation in the euro region to the current performance of crude oil prices.
The barrel of crude Brent remains sidelined around $49.20 early in Europe, retracing yesterday’s spike to the mid-$50.00s, fresh 2016 tops, while EUR/USD keeps the trade below the 1.1200 handle.
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.