IMF: Not expecting inflation spiral in Europe
|Alfred Kammer, the Director of the European Department at the International Monetary Fund, said on Wednesday that they are not expecting an inflation spiral in Europe, as reported by Reuters.
Additional takeaways
"Inflation driven by energy prices is expected to fade."
"Not expecting second-round inflationary effects in Europe due to slack in the European labour market."
"European Central Bank can react to deeper inflation concerns."
Market reaction
The EUR/USD pair showed no immediate reaction to these comments and was last seen rising 0.12% on the day at 1.1645.
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.