ECB's de Cos: Spain’s core CPI to stay high in the short-term, then ease gradually

Market news

7 March 2023

ECB's de Cos: Spain’s core CPI to stay high in the short-term, then ease gradually

European Central Bank’s (ECB) policymaker and Spanish central bank head Pablo Hernandez de Cos said on Tuesday, “Spanish core CPI is to remain high in the short term, then gradually decline.”

“Spain’s GDP forecast is anticipated to be revised up, while CPI is expected to fall.” De Cos added.

Market reaction

At the time of writing, EUR/USD is trading 0.08% lower at 1.0669, undermined by a broad-based US Dollar rebound.

Currencies. Daily history for Tuesday, March 7, 2023

Commodities. Daily history for Monday, March 6, 2023

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