Madis Müllermember of the Governing Council of the European Central Bank (ECB), makes some comments on the global banking crisis, in his appearance on Friday.
Featured Statements
“The SVB has created a background of uncertainty.”
“Credit Suisse has been in trouble for years.”
“The SNB’s intervention in Credit Suisse has facilitated decision-making.”
“Not many eurozone banks have taken risks like SVB did“.
“There are no signs yet that the pressure on inflation has eased.”
“The uncertainty of banking complicates communication.”
“Latest inflation forecasts assume further rate hikes“.
market reaction
EUR/USD extends its recovery above 1.0650 following earlier comments. At time of writing, the pair is trading at 1.0654, gaining 0.48% on the day.
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.
