ECB’s Visco: Price-rise mostly driven by energy, gas prices

Market news

16 June 2022

ECB’s Visco: Price-rise mostly driven by energy, gas prices

European Central Bank (ECB) Governing Council member Ignazio Visco said on Thursday, the rise in inflation is mostly driven by energy–gas prices.

Key quotes

Inflation not driven by increase in demand.

We're acting to stop inflation genie to get out of bottle.

Market reaction

EUR/USD is back under 1.0400, as the US dollar springs back to life in the European session. The pair is down 0.45% on the day.

Currencies. Daily history for Thursday, June 16, 2022

Commodities. Daily history for Wednesday, June 15, 2022

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.