ECB’s Wunsch: The ECB will have to react at some point
European Central Bank (ECB) policymaker and the head of Belgium's central bank, Pierre Wunsch, said during the European trading session on Wednesday that the central bank needs to act at some point, as “we are at the beginning of an inflation problem”.
Market reaction
There is to be no immediate impact of ECB Wunsch's comments on the Euro (EUR). As of writing, EUR/USD trades 0.15% lower to near 1.1590 due to US Dollar's (USD) continued outperformance.
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.
You may also like
Pi Network Completes Major v23 Node Upgrade Following Complex Infrastructure Overhaul

U.S. Treasury Yields Hit Multi-Year Highs as Inflation Pressure Intensifies

SHIB Burn Rate Hits 1034% Surge but Bulls Still Lose Battle at $0.0000648 Level


