ECB's Lane: Seeing significant wage increases in some countries
Source Fxstreet
European Central Bank (ECB) Chief Economist Phillip Lane noted on Monday that they are seeing significant wage increases in some Eurozone countries, per Reuters.
Key takeaways
"Cost pressures to be muted next year."
"We should not be too sensitive to monthly inflation data, need to differentiate between noise and signal."
"Inflation jumps we don't like, bumps we can deal with."
"We need to see domestic services inflation momentum come down."
Market reaction
These comments failed to trigger a noticeable reaction in EUR/USD. The pair was last seen trading virtually unchanged on the day at 1.0705.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The U.S. government refuses to bail out Bitcoin, and with Fed rate cuts nowhere in sight, a continued downward trend to test for a bottom is likely after a brief rebound.During the mid-da
Precious metals' volatility mirrored Bitcoin's downturn as it targets lower price points.
Bitcoin's plunge to $70K triggers a $775M leverage washout, driving a capital rotation into quantum-secure infrastructure project BMIC as investors seek uncorrelated alpha.
Ethereum Price Forecast: ETH faces heavy distribution as price slips below average cost basis of investorsEthereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
Ethereum (ETH) extended its decline on Wednesday, dropping more than 5% over the past 24 hours toward the $2,100 level, which is below the $2,310 average cost basis or realized price of investors, according to CryptoQuant's data.
Gold returns to the $5,000 mark as Bitcoin prices weaken to hit new lows; what is the future outlook?During the Asian session on Wednesday (February 4), gold ( XAUUSD) prices continued to
