- Analytics
- News and Tools
- Market News
- ECB's de Cos: Factors behind inflation could be more persistent than initially estimated
ECB's de Cos: Factors behind inflation could be more persistent than initially estimated
"The recent surge in inflation is transitory, however factors behind it could be more persistent than initially estimated," European Central Bank (ECB) Governing Council member and Spanish central bank chief Pablo Hernandez de Cos said on Wednesday, per Reuters.
Additional takeaways
"This could lead to relatively high rates of inflation in coming months."
"There is currently high uncertainty about the duration of the current inflation surge."
"As pointed out by ECB President Christine Lagarde, ECB's forward guidance does not support the market view of a first interest rate hike in the third quarter of 2022 nor any time soon afterwards."
Market reaction
The EUR/USD pair showed no immediate reaction to these remarks and was last seen posting small daily gains at 1.1585.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
