ECB's de Cos: Inflation will remain high in the coming months

Market news

27 May 2022

ECB's de Cos: Inflation will remain high in the coming months

"Inflation will remain high in the coming months," European Central Bank (ECB) Governing Council member and Spanish central bank chief Pablo Hernandez de Cos said on Friday, per Reuters.

Additional comments

Inflation will gradually slow down towards the 2% goal.

The APP will end at the start of Q3, hike to follow shortly after.

The process of increasing rates should be gradual.

We don't have predetermined normalization guideline.

EUR/USD bulls take a breather

EUR/USD fails to cheer the hawkish comments from ECB policymaker as the major currency pair retreats from intrady high of 1.0765 towards 1.0750 at the latetst.

Read: EUR/USD invades 1.0760 ahead of US PCE, DXY renews monthly lows

Currencies. Daily history for Friday, May 27, 2022

Commodities. Daily history for Thursday, May 26, 2022

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