Free Trial

EUR Sees Late Volatility on Report ECB Officials Distrust Forecasts

ECB
  • EUR/USD sees short-lived spike higher, touching 1.1442 before paring as Bloomberg reports that more ECB officials are said to distrust inflation forecasts, which emboldens a shift toward tighter policy this year, according to sources.
  • The next forecasting round is due at March's meeting, at which sell-side analysts expect the governing council to thoroughly discuss a conclusion of their bond purchase programme as price pressures continue to mount across the Eurozone.
  • The new Bundesbank head Nagel spoke earlier Wednesday, flagging his expectation that Germany will see inflation "significantly" above 4% in 2022.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.