ECB's Rehn: Keeping inflation expectations anchored is essential
European Central Bank (ECB) official and Finnish Central Bank Governor Olli Rehn said in a written copy of a speech, released during the European trading session on Wednesday, that it is essential to keep inflation expectations anchored.
Global inflation projections have been de-anchored due to elevated energy prices amid squeezed supply in the wake of the United States (US)-Iran deadlock over the Strait of Hormuz.
Additional remarks
Sees no clear signs of second-round effects.
Wage growth, wage outlook remained moderate so far.
Market reaction
No major reaction is seen in the Euro (EUR) following remarks from ECB's Rehn. As of writing, EUR/USD trades 0.2% higher marginally below 1.1600.
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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