ECB’s Stournaras: Eurozone economy still fragile, no risk of high inflation era

Dhwani Mehta FXStreet

Commenting on the Eurozone economic outlook, the European Central Bank (ECB) policymaker Yannis Stournaras said that the “economy is still fragile” while adding that “there is no risk of high inflation era.”

Additional comments

“See no reason to change pace of PEPP purchase programme.”

“Too early to shift from PEPP to APP.”

“Back greening of monetary policy portfolios.”

Market reaction

EUR/USD is off the four-month highs at 1.2263, currently trading around 1.2245, still up 0.26% on the day. Upbeat German data and US dollar weakness underpin the major.

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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