Free Trial

Vujcic Acknowledges Inflation Is Looking Quite Persistent

ECB
  • Bloomberg cite ECB's Vujcic as stating that inflation is looking quite persistent, and that it will take time to bring inflation down.
  • No response in the EUR here, EUR/USD still holding above the 1.06 handle following the French CPI beat earlier today. 1.0625 remains the high for now.
  • Vujcic spoke yesterday on ECB policy - stating that "as long as core inflation persists, the ECB must persevere".
  • Today's comments inline with that rhetoric - stating that "it will take time to bring inflation down".
  • Possible that Vujcic's language on inflation has strengthened perhaps a little after yesterday saying "headline inflation is set to fall".

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.