“We will need up to one year to know how the eurozone will recover,” European Central Bank’s (ECB) chief economist Philip Lane said in an interview on Wednesday. Additional takeaways “Data should be mostly positive for a long time but a good bounce in the economy does not reveal the profile of the recovery.” “Reports of further COVID-19 infections not helping recovery in confidence, investments.” “ECB scenarios are for low but positive inflation ahead.” “Current corporate ratings look reasonable, not obvious there should be a lot more downgrades.” “Absolutely not into yield targeting; ECB doesn’t take a view on any particular level of spread.” Market reaction The EUR/USD pair largely ignored these comments and was last seen trading at 1.1220, down 0.1% on a daily basis. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500 Price Analysis: Pfizer-BioNTech coronavirus vaccine hopes help, levels to watch- Confluence Detector FX Street 2 years "We will need up to one year to know how the eurozone will recover," European Central Bank's (ECB) chief economist Philip Lane said in an interview on Wednesday. Additional takeaways "Data should be mostly positive for a long time but a good bounce in the economy does not reveal the profile of the recovery." "Reports of further COVID-19 infections not helping recovery in confidence, investments." "ECB scenarios are for low but positive inflation ahead." "Current corporate ratings look reasonable, not obvious there should be a lot more downgrades." "Absolutely not into yield targeting; ECB doesn't take a view on any particular… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
