The European Central Bank (ECB) will not end tapering before 2023, Governing Council member Ignazio Visco said in an interview on Thursday.
Additional quotes
“Will maintain very favorable financing conditions for economy.”
“Expect average inflation of 3% in 2022, then gradually slow to just below 2%.”
“Inflation forecasts below 2% in 2023-24 exposed to downside and upside risks.”
“See no reason to reassess inflation target of 2%.”
“See Italy’s GDP can grow by 2 percentage points in next two years with an efficient implementation of its recovery plan.”
“Sustainability of public budgets is key both in Europe and in each country.”
“It would be helpful a eurozone or EU economy minister.”
“Final omicron impact on the economy is unknown at the moment.”
Market reaction
EUR/USD remains pressured near 1.1325 amid resurgent US dollar demand and these dovish ECB comments. The spot is down 0.20% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD retreats below 1.0500 as USD rebounds
EUR/USD lost its bullish momentum and retreated below 1.0500 in the American session on Wednesday. Although the data from the US showed a loss of momentum in the service sector's activity, the cautious market stance helped the USD find demand and limited the pair's upside.
GBP/USD retraces daily advance, holds above 1.2100
GBP/USD reversed its direction and declined toward 1.2100 after rising to a daily high of 1.2177 earlier in the day. Despite the disappointing ISM Services PMI data for September, the US Dollar managed to pull away from session lows following a mixed opening in Wall Street.
Gold drops below $1,820 as US yields gain traction
After rising above $1,830 in the early American session, Gold price reversed direction and turned negative on the day below $1,820. Following mixed macroeconomic data releases from the US, the benchmark 10-year US yield recovered from daily lows and weighed on XAU/USD.
ETH staking could gain short-term preference over bonds despite record yields
The Ethereum staking market has experienced a notable surge, according to data from StakingRewards. In the past 24 hours, the number of staked ETH increased by 32.8%.
Rise in job openings sends DJIA plunging as Treasury yields soar
The DJIA opened higher on Wednesday, up 0.2%, as traders test whether Tuesday’s crash was overdone. The market is now digesting the first time in history that a US Speaker of the House was voted out of office and how that will affect current budget talks.