ECB’s de Cos: Rising risk of deflation warranted more stimulus

Dhwani Mehta FXStreet

Responding to the European Central Bank (ECB) pandemic emergency purchase programme (PEPP) expansion, Governing Council Member Pablo Hernandez de Cos said the rising risk of deflation warranted more stimulus.

Capital key is not a constraint in the short-run, he added.

Market reaction

EUR/USD sticks to a tight trading range around 1.1335 heading into the German Factory Orders release at 0600 GMT.

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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