ECB’s Lane: August flash inflation data welcome but 'we need to see that continue'

Market news

5 September 2023

ECB’s Lane: August flash inflation data welcome but 'we need to see that continue'

Reuters publishes excerpts of an interview of European Central Bank (ECB) Chief Economist Phillip Lane, with Irish Business Publication, The Currency, on August 31.

Key quotes

August flash inflation data welcome but 'we need to see that continue'.

Easing in services inflation helps limit narrative that tourism to keep services inflation high.

We do expect bumpiness in easing of energy, food inflation.

Market reaction

EUR/USD is currently trading at 1.0786, down 0.06% on the day, awaiting a fresh trading impetus.

USD/JPY extends its upside above the 146.70 mark, eyes on US Factory Orders

Singapore Retail Sales (MoM) increased to 0.6% in July from previous -0.8%

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