ECB’s Sleijpen: Energy price retreat will have an impact on inflation
European Central Bank (ECB) policymaker and Dutch central bank chief Olaf Sleijpen said in the European trade on Tuesday that the falling energy prices after easing Middle East tensions would cool down Eurozone inflationary pressures.
Remarks
Europe's structural growth numbers are still pretty low.
AI is inflationary in the short term.
Market reaction
EUR/USD recovers in the European session to near 1.1400, but it is still 0.2% down from Monday's closing price. However, the impact appears to have come from the US Dollar (USD) which has given up slight early gains.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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