In an interview with the Financial Times (FT), the head of monetary policy at the European Central Bank (ECB) and Head of the Bundesbank, Joachim Nageldeclared Wednesday that “there is still a ways to go, but we are approaching restrictive territory.”
Featured Statements
“Our fight against inflation is not over“.
“There is no question that price pressures are strong and widespread throughout the economy.”
“If we want to tame this stubborn inflation, we will have to be even more stubborn.“.
“We are not facing a repeat of the financial crisis we saw in 2008. We can manage it.”
“Those who benefit from opportunities must also take their share when risks materialize. This was one of the lessons of the global financial crisis.”
“I still see a soft landing in Germany and the Eurozone.”
Market Reaction
The above comments fail to move a needle around the Euro, as the EUR/USD pair maintains its trading range around 1.0770.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
