- Analytics
- News and Tools
- Market News
- ECB's Stournaras: Must maintain basic principles of gradualism and flexibility
ECB's Stournaras: Must maintain basic principles of gradualism and flexibility
"In my opinion, the European Central Bank (ECB) must maintain the basic principles of gradualism and flexibility as the problem it faces is different than that faced by the Fed in the US," ECB Governing Council member Yannis Stournaras said on Monday.
"Inflation in Europe today comes from the side of supply and not demand," Stournaras added, as reported by Reuters. "To a great extent, it is due to imported natural gas from Russia, which has been instrumentalised."
Market reaction
The EUR/USD pair showed no immediate reaction to these remarks and was last seen trading virtually unchanged on the day slightly below 0.9700.
© 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
