ECB’s Stournaras: Inflation will fall below 2% in the medium-term
|Commenting on the inflation outlook, the European Central Bank (ECB) policymaker Yannis Stournaras said Thursday, “inflation will fall below 2% in the medium-term.”
Additional comments
“There is no stagflation, the situation is under control right now.”
“ECB will review policy alternatives in December.”
“No need to modify monetary policy stance for the time being.”
“Market view on rate hike does not reflect ECB guidance.”
Market reaction
EUR/USD is keeping its tepid recovery mode intact, currently trading at 1.1565, up 0.09% on the day.
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