ECB's Lane: Should retain optionality about speed of adjustment
Source Fxstreet
European Central Bank (ECB) Chief Economist Philip Lane said on Monday that the ECB should retain optionality about the speed of policy adjustments, per Reuters.
Key takeaways
"Incoming data on wages and profits have been in line with expectations."
"Negotiated wage growth will remain high and volatile over the remainder of the year."
"We will also look at the possible enhancements of the existing analytical toolkit, including forecasting techniques."
"A gradual approach to dialing back restrictiveness will be appropriate if the incoming data are in line with the baseline projection."
Market reaction
The EUR/USD pair showed no immediate reaction to these comments and was last seen rising 0.45% on the day at 1.1125.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The Federal Reserve will announce its July interest rate decision on July 29, Eastern Time. The current target range for the federal funds rate remains at 3.5%-3.75%, but the suspense sur
Oil prices remain depressed on Tuesday, as hopes of a new round of peace talks between the US and Iran boosted hopes of a de-escalation of the Middle East conflict.
Gold price (XAU/USD) loses ground after registering gains in the previous day, trading around $4,050 per troy ounce during the Asian hours on Tuesday.
As of the Asian session on July 27, gold prices ( XAUUSD) opened with a strong gap up today and maintained its upward momentum intraday, briefly breaking through $4,100 during the session
Here’s a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week.
