ECB's Nagel: Price pressure in Eurozone could continue for some time
Source Fxstreet
Apr 17, 2024 14:45
In an interview with WiWo on Wednesday, European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said that price pressures in the Eurozone could continue for some time, per Reuters.
"It's not completely clear if the inflation rate will reach 2% target next year and stay at this level," Nagel added and noted that he expects a "slight growth" in German economy in 2024.
Market reaction
These comments don't seem to be impacting the Euro's valuation in a noticeable way. At the time of press, EUR/USD was up 0.15% on the day at 1.0635.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Related Articles
The Pound Sterling (GBP) clings to gains near 1.2500 against US Dollar (USD) in Friday’s London session.
China’s Foreign Minister Wang: Relationship has stabilized with US but negative factors are buildingFollowing his meeting with US Secretary of State Antony Blinken early Friday, China’s Foreign Minister Wang Yi said that the Sino-US “relationship has stabilized but negative factors are building.” Additional comments Sliding into conflict with the US would be a lose-lose situation.
Following his meeting with US Secretary of State Antony Blinken early Friday, China’s Foreign Minister Wang Yi said that the Sino-US “relationship has stabilized but negative factors are building.” Additional comments Sliding into conflict with the US would be a lose-lose situation.