ECB’s Visco: Supply and demand issues complicate the inflation outlook


Commenting on the hot topic of inflation, the European Central Bank (ECB) Governing Council member Ignazio Visco said late Thursday that “supply and demand issues complicate the inflation outlook.”

“Monetary and fiscal policies may be unwound differently,” he added when asked about the withdrawal of the pandemic support.

Meanwhile, the ECB policymaker Jens Weidmann called for an end to the Pandemic Emergency Purchase Programme (PEPP) soon.

Market reaction

EUR/USD remains at the mercy of the US dollar dynamics, struggling above 1.1900, modestly bid on the day.

Articles You May Like

Euro Gains as ECB Official Signals More Rate Hikes Ahead, Yen Broadly Pressured
Gold Price Today: Yellow metal at day’s high on dollar retreat; buy April futures, says analyst
Brent slides 2% amid concerns over health of banking sector
Gold Price Today: Yellow metal slips as banking crisis fears dissipate, dollar strengthens
After 3 Years of Day Trading, This Strategy is The One