- Analytics
- News and Tools
- Market News
- ECB's Lane: Ukraine war may shave 0.3%-0.4% off eurozone 2022 GDP in middle scenario
ECB's Lane: Ukraine war may shave 0.3%-0.4% off eurozone 2022 GDP in middle scenario
European Central Bank chief economist Philip Lane told policymakers on Friday that the Russia-Ukraine was could shave 0.3%-0.4% off the eurozone GDP in the middle scenario, Reuters reported, citing people familiar with the matter.
Additional takeaways
"Presented severe scenario where GDP is cut by close to 1%."
"The mild scenario showed no impact, now seen as unlikely."
"These were 'back-of-envelope' preliminary calculations, mostly derived from commodity prices."
Told meeting there would be a significant increase to 2022 inflation forecast."
"Hinted at inflation below target at end of horizon."
Market action
The shared currency stays on the back foot on Friday and the EUR/USD pair was last seen losing 0.17% on a daily basis at 1.1172.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
