Policy makers at the European Central Bank (ECB) remain divided over their new inflation strategy, but hope to reach an agreement before discussing the future of their pandemic program in SeptemberReuters reports, citing three sources close to the matter.
Featured Comments
“There was general consensus at the June 18-20 meeting that the ECB could tolerate inflation exceeding its new target, which would be set at 2%, as it has remained below that level for most of the last decade”.
“But the source said that policy makers had yet to agree on how to express that message and cHow specific should it be about the extent to which inflation would be allowed to exceed and for how long?“.
“The ECB still hoped to wrap it up before the Governing Council meeting on September 9, when rate setters can decide on the future of their Pandemic Emergency Purchase Program.”
Market reaction
The EUR / USD fell under new selling pressure and was down around 10 pips from the previous headlines.
The pair was last seen trading at 1.1885, down 0.26% on the day.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
