ECB’s Villeroy: Euro zone inflation at risk of getting entrenched – by anilpanchal7 ECB EURUSD RiskAversion CentralBanks NewsTrading
"Euro zone inflation is at risk of getting entrenched above 2% so the European Central Bank will keep fighting excessive price growth, even as its policy response is shifting gears," said French central bank chief Francois Villeroy de Galhau late Tuesday per Reuters.We now face the risk of entrenched inflation, which lies in the underlying or ‘core’ component.Monetary policy was most effective in tackling underlying or core inflation.
Inflation outlook, underlying inflation readings and the effectiveness of policy transmission will be the key factors in the next decisions.holds onto the previous day’s recovery moves from a one-week low to 1.0915 by the press time.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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