Inflationary risk puts pressure on the cost of borrowing for the State. Eurozone inflation will take longer to return to target than previously thought, but so far there is no indication that rising prices are being integrated into wages, said today ECB Vice President Luis de Guidos from Cyprus.
“We are absolutely convinced that inflation will start to decline early next year and in the second half of next year inflation will start to slow down even more and converge with our 2% target,” Luis de Guidos told a conference. . “Convergence to the 2% target may take a little longer, but there is no doubt that inflation will slow down in 2022,” he added.
It is recalled that the ECB has clarified that the increase in interest rates will come “shortly after” the end of the quantitative easing.
In the secondary market today, the yield on the Greek ten-year bond reached 1.38% and later fell to 1.29%. In the Electronic Transaction System of the Bank of Greece (HDAT) today transactions of 186 million euros were recorded, of which 32 million euros related to purchase orders. The yield on the 10-year benchmark bond increased to 1.28% from 1.24% against -0.32% of the corresponding German bond, resulting in a margin of 1.60%.
The euro is moving higher in the foreign exchange market today as it traded early in the afternoon at $ 1.1328 from the $ 1.1266 that the market opened.
The indicative price for the euro / dollar exchange rate announced by the European Central Bank was 1.1299 dollars.
SOURCE: AMPE
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