Select Language

ECB's Panetta: Must avoid risk of pushing inflation well below target

Breaking news

ECB's Panetta: Must avoid risk of pushing inflation well below target

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2024.10.31 18:59
ECB's Panetta: Must avoid risk of pushing inflation well below target

update 2024.10.31 18:59

European Central Bank (ECB) Governing Council Member Fabio Panetta argued on Thursday that monetary conditions in the Eurozone remain restrictive, adding that rates need to come down, per Reuters.

"With the decline in inflation, we need to pay attention to the weakness of the real economy," Panetta said and noted that the ECB must avoid the risk of pushing inflation well below the target.

Market reaction

These comments failed to trigger a noticeable market reaction. At the time of press, EUR/USD was trading at 1.0865, rising 0.1% on a daily basis.


Date

Created

 : 2024.10.31

Update

Last updated

 : 2024.10.31

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

Silver Price Forecast: XAG/USD edges higher but remains on backfoot with US NFP in focus

Silver price (XAG/USD) adds little gains in European trading hours on Friday after plunging to near $32.50 on Thursday.
New
update2024.11.01 20:22

Mexican Peso edges higher, supported by resilient Q3 growth

The Mexican Peso (MXN) edges higher across its key pairs on Friday, continuing the recovery of the previous day, in part supported by the release of higher-than-expected Mexican Gross Domestic Product (GDP) growth data, which showed a 1.5% rise in the third quarter.
New
update2024.11.01 20:18

USD/JPY bounces up and approaches 153.00 with US employment data on focus

The positive impact of Ueda's Hawkish rhetoric after the BoJ's decision on Thursday has waned and the Yen is losing ground with the US Dollar firming up ahead of the US employment report.
New
update2024.11.01 20:13

GBP: Market turmoil continues - Commerzbank

After the market sent out the first warning signs of the new UK budget on Wednesday, it continued seamlessly yesterday, with UK government bond yields rising sharply and the pound depreciating.
New
update2024.11.01 19:46

USD/CNH: To encounter solid support at 7.1000 - UOB Group

USD could drift lower, but any decline is likely part of a lower trading range of 7.1150/7.1400.
New
update2024.11.01 19:43

EUR: More on the recent EUR recovery - Commerzbank

If you look at the G10 exchange rate movements since October 24 (since the publication of the euro area PMIs), it is striking that, on the one hand, the Euro has been by far the best-performing currency, but on the other hand, it has been the currency that contributed least to the volatility of G10 exchange rates, Commerzbank's Head of FX and Commodity Research Ulrich Leuchtmann notes.
New
update2024.11.01 19:39

USD/JPY: Enough momentum to threaten the major support at 151.05 - UOB Group

The US Dollar (USD) could drop further, but it does seem to have enough momentum to threaten the major support at 151.05.
New
update2024.11.01 19:35

US: A shift towards Donald Trump in the last few weeks - Commerzbank

The US Dollar (USD) has been pretty strong over the past four weeks, even if it has slowed down a bit in the last few days, Commerzbank's FX analyst Volkmar Baur notes.
New
update2024.11.01 19:32

USD/CHF aims to break above 0.8700 as Swiss Inflation softens further

The USD/CHF pair strives to break above the key resistance of 0.8700 in Friday's European session.
New
update2024.11.01 19:30

USD/CAD rally stalls below 1.3945 ahead of the US NFP release

The Dollar is trading with marginal losses against its Canadian counterpart on Friday.
New
update2024.11.01 19:27

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel