ECB's Draghi: ECB could look through transitory inflation weakness - Bloomberg

Eren Sengezer FXStreet

According to a recent report by Bloomberg, European Central Bank President Draghi said the ECB could look through transitory inflation weakness when formulating monetary policy.

Key quotes (via Bloomberg):

While there are still factors that are weighing on the path of inflation, at present they are mainly temporary factors that typically the central bank can look through
A considerable degree of monetary accommodation is still needed for inflation dynamics to become durable and self-sustaining

Following the report, the EUR/USD leaped to its highest level since late August of 2016 at 1.1330.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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