The Vice President of the European Central Bank (ECB), Luis de Guindossaid on Friday that the factors behind the recent rise in inflation, such as disruption in supply chains, are transitory in nature, as reported by Reuters.
Featured statements
“The inflation in the eurozone will decline next year, but perhaps not as much as expected due to the effects of the second round. “
“Any increase in wages has to take into account that the increase in inflation is temporary.”
“Risks to financial stability have improved a bit to better economic prospects.”
“The recovery in the fourth quarter will not be as vigorous as expected“.
Market reaction
These comments were largely ignored by market participants and the EUR / USD pair was last seen rising 0.06% on the day at 1.1560.
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