ECB’s Lane: Inflation is significantly volatile amid the pandemic

Dhwani Mehta FXStreet

Inflation is significantly volatile amid the pandemic but it remains low overall, the European Central Bank (ECB) Chief Economist Phillip Lane said in an interview on Thursday.

Additional comments

“Favourable financing conditions must be maintained.”

“Prices are driven by several special factors at the moment.”

“Monetary policy will not be swayed by that.”

EUR/USD nears 200-DMA

EUR/USD is gaining some ground in early Europe, looking to recapture 200-DMA at 1.1890. The above comments fail to have any impact on the euro.

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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