ECB’s Visco: Inflation may drop more quickly than forecast

Market news

18 July 2023

ECB’s Visco: Inflation may drop more quickly than forecast

European Central Bank (ECB) Governing Council member Ignazio Visco said on Tuesday, “inflation may drop more quickly than forecast.”

Additional quotes

"Manufacturing slowing but services like tourism booming."

"Inflation may drop more quickly than forecast."

"I don’t think we need to have a recession."

Market reaction

EUR/USD was last seen trading at around 1.1255, up 0.18% so far.

USD/CAD loses the momentum above the 1.3180 mark ahead of US Retail Sales

Japan Tertiary Industry Index (MoM) remains at 1.2% in May

Market Focus

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