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- ECB’s Wunsch cites persistent inflation to back the need to “do a little bit more”
ECB’s Wunsch cites persistent inflation to back the need to “do a little bit more”
“I’m inclined to say we maybe need to do a little bit more,” said the Belgian Central Bank Governor and European Central Bank (ECB) Governing Council member Pierre Wunsch on Saturday, via a radio interview shared by Bloomberg.
The policymaker initially cited the dissipating price pressures before saying that the ECB's 2% target rate won't be hit before 2025 due to persistent inflation.
ECB’s Wunsch also defended the market’s idea that the ECB will have to pause at a certain point while adding, “it's too early to talk about stopping hiking completely.”
EUR/USD remains depressed
EUR/USD holds lower grounds near 1.0775 after a seven-week downtrend, despite lacking downside momentum of late.
Also read: EUR/USD: US holiday to restrict Euro moves, further downside hinges on 1.0750 break and ECB’s Lagarde
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