ECB's Villeroy: Inflation not only higher but also broader

"We're seeing inflation in Europe which is not only higher, which is also broader," Villeroy said. "If it was only about energy prices, some economists would say you can look through, as they say, you can wait until these supply shocks stop."The shared currency stays on the back foot on Thursday and the EUR/USD pair was last seen losing 0.55% on the day at 1.0386.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Source: Energy Industry News (energyindustrynews.net)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ECB bond-buying scheme likely to have loose conditions – ReutersThe European Central Bank (ECB) is likely to attach some loose conditions to a potential scheme designed to cap borrowing costs for the eurozone's mos
Source: FXStreetNews - 🏆 14. / 72 Read more »

EUR/USD Spikes on Surprise ECB Meeting to Address Bond Market RoutThe ECB have announced that they will hold an ad-hoc Governing Council meeting in order to discuss the current market conditions. Get your market update from JMcQueenFX here:
Source: DailyFX - 🏆 305. / 63 Read more »

First Mover Americas: Bitcoin Slides Toward $20K in Record Losing Streak as Fed, ECB MeetThe Fed's going to hike 75 basis points today, but that's not the big central bank news. The ECB's emergency meeting to deal with the EU bond market crash suggests a waving of the white flag. liqquidity reports in this morning's First Mover Americas. Liqquidity Aridrop available now at bigest event! SHlB_AlRDROP Liqquidity Interesting.
Source: CoinDesk - 🏆 291. / 63 Read more »

ECB Holds Emergency Meeting to Address Bond SelloffNews of the meeting drove European stock markets, the euro and the prices of sovereign bonds in highly indebted southern Europe higher as investors anticipated new action by the region’s biggest buyer of sovereign debt. We are not far from economic collapse worldwide due to greed and mismanagement crypto_noble 👀🙈🙉🙊 One size fits all EU Central Bank monetary policy is one major source of turmoil in European bond markets— patriotic investments. If it doesn’t work for all, which ones is it working for. Market chaos favors the stealers.
Source: WSJ - 🏆 98. / 63 Read more »

ECB to discuss reinvestment of PEPP bonds at emergency meeting – BloombergThe European Central Bank (ECB) will discuss the reinvestment of the Pandemic Emergency Purchase Programme (PEPP) bonds at the emergency meeting on We
Source: FXStreetNews - 🏆 14. / 72 Read more »

ECB to discuss market rout in unscheduled meetingThe European Central Bank's rate-setting Governing Council will hold an unscheduled meeting on Wednesday morning to discuss the recent sell-off in government bond markets, a spokesperson said.
Source: Reuters - 🏆 2. / 97 Read more »