ECB’s Herodotou: Can act again if inflation outlook worsens
|The European Central Bank (ECB) Governing Council member and Governor of the Central Bank of Cyprus Constantinos Herodotou expresses his concerns on the inflation outlook while speaking in a Reuters interview on Wednesday.
Key quotes
“Risks to the outlook remain on the downside.”
“Economic uncertainty remains high.”
“Can act again if inflation outlook worsens.”
Earlier today, the ECB Governing Council member Yannis Stournaras voiced the same opinion on the Euro area economic outlook, noting that the risks are still tilted to the downside.
This comes despite the latest European Union (EU) leaders’ agreement on the EUR 750 billion Recovery Fund to tackle the economic impact of the coronavirus pandemic.
EUR/USD unfazed
The shared currency shrugs-off the above comments, as EUR/USD trades firmer at 1.1753, up 0.35% on a daily basis, courtesy of the continued dollar dumping. Focus shifts to the Fed decision.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.