ECB’s Stournaras: Inflation will fall below 2% in the medium-term

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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