ECB's Lane: ECB is still very data-dependent

Noticias del mercado

22 septiembre 2023

ECB's Lane: ECB is still very data-dependent

The European Central Bank's (ECB) 4% policy rate has to be held sufficiently long, ECB Chief Economist Phillip Lane said on Friday and reiterated that the central bank is still very data-dependent.

Lane noted that the Euro area economy this year will be "fairly muted" and added that there are a lot of reasons for the economy to stagnate this year.

Market reaction

These comments don't seem to be having a significant impact on the Euro's performance against its major rivals. As of writing, the EUR/USD pair was down 0.1% on the day at 1.0648.

Gold Price Forecast: XAU/USD in check as hawkish tone of the Fed will continue to reverberate – Commerzbank

Eurozone inflation is likely to remain higher than US, leading to an appreciation of the Euro – Natixis

Enfoque del mercado

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