ECB's Makhlouf: Concerned about higher-for-longer energy price scenario

European Central Bank (ECB) Governing Council member Gabriel Makhlouf said on Friday that without a clear timeline for the end of the conflict in the Middle East, he is concerned about a "higher-for-longer" energy price scenario, per Reuters.

Key takeaways

"Inflation expectations need to be closely monitored for signs of de-anchoring."

"I will be paying close attention to indirect effects such as cost-push inflation in production, transportation, and services."

"Potential second-round effects via wages will take longer to show up, given the staggered nature of wage-setting."

TMGM талдауы: Қаржы нарығы жаңалықтары, экономикалық күнтізбе және нарықтық шолулар

Market reaction

EUR/USD holds its ground in the American session and trades in positive territory above 1.1750.

НАҒЫЗ ДӘРЕЖЕЛЕР

Атауы / Тикері
График
% Өзгеріс / Баға
GBPUSD
1 күндік өзгеріс
-0.24%
1.32384
EURUSD
1 күндік өзгеріс
-0.32%
1.10559
USDJPY
1 күндік өзгеріс
+0.11%
159.865
AUDUSD
1 күндік өзгеріс
-0.31%
0.68064