ECB's de Cos: Rise in euro area inflation is transitory

Dhwani Mehta FXStreet

“The ongoing rise in euro area Inflation is transitory,” the European Central Bank (ECB) Governing Council member and Spanish central bank chief Pablo Hernandez de Cos said in a scheduled speech on Thursday.

Nothing further is reported from him.

Last month, de Cos argued that "we should accommodate rises in market-based long-term inflation expectations to ensure they translate into lower long-term real interest rates.”

Market reaction

EUR/USD is currently trading flat at 1.2190, having slipped from daily highs of 1.2215 after the US dollar staged an impressive bounce.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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