ECB's Rehn: Medium-term inflation expectations increased to around 1.9%
|The medium-term inflation expectations in the eurozone have increased to around 1.9%, which is in line with the European Central Bank’s strategy, ECB Governing Council Member Olli Rehn said on Thursday, per Reuters.
"Due to persistent production bottlenecks, it is possible that an increase in energy prices has a longer-lasting impact on consumer prices," Rehn added. "We analyse this development carefully at the Governing Council and at the Bank of Finland."
Market reaction
The EUR/USD pair showed no immediate reaction to these comments and was last seen posting modest daily gains at 1.1612.
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.