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- German Economic Adviser: ECB will need to react if inflation is 'persistent'
German Economic Adviser: ECB will need to react if inflation is 'persistent'
Germany’s Economic Adviser said in a statement on Friday, the European Central Bank (ECB) “will need to react if inflation is 'persistent'.”
Although he was quick to add, “that for now, there is no reason for rate hikes yet.”
Market reaction
EUR/USD remains unfazed by these above comments, keeping its range near 1.1150 amid quiet markets and ahead of the US PCE inflation data.
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