ECB’s Stournaras: Accepted there is an upside risk to inflation


The European Central Bank (ECB) policymaker Yannis Stournaras acknowledges upside risks to the inflation outlook, but says there’s ‘some way to go’ before price increases raise concerns, per Politico.

“The strong rebound, coupled with Athens' commitment to structural reforms, should pave the way for the European Central Bank to continue to buy Greek debt under its asset purchases even after it ends its pandemic emergency purchase program, or PEPP,” he added.

Market reaction

EUR/USD was last seen trading at 1.1732, posting 0.08% gains on the day, The spot remains at the mercy of the dollar dynamics and the risk trends.

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