ECB’s Šimkus: Inflation is on its way down
|European Central Bank (ECB) Governing Council Gediminas Šimkus said on Tuesday, “Inflation is on its way down.”
Further comments
The prompt response of monetary policy was effective.
Inflation still faces many lines of resistance.
Rates need to stay restrictive to tame prices.
Market reaction
EUR/USD is lingering in YTD lows near 1.0460 on the above comments, down 0.08% on the day.
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