Inflation in the euro is still uncomfortably below the European Central Bank’s (ECB) aim and the appreciation of the euro is one factor that needs to be watched closely, ECB Executive Board Member Fabio Panetta on Tuesday, as reported by Reuters. Additional takeaways “Faced with such a sizeable downward skew, there is a strong case for our reaction function to be asymmetric.” “Risks of a policy overreaction are much smaller than the risks of the policy being too slow or too shy to react and the worst-case scenarios materialising.” “Macroeconomic policies – above all monetary and fiscal policies – must remain complementary.” “Today, our monetary policy can gradually focus less on preventing financial and productive collapse and more on securing the return of inflation to our aim.” “Results of the ECB’s stimulus are not satisfactory yet.” Market reaction The EUR/USD pair edged lower after these comments and was last seen losing 0.22% on the day at 1.1745. 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 US: Philly Fed Nonmanufacturing Index declines from 16.1 in August to 8 September FX Street 1 year Inflation in the euro is still uncomfortably below the European Central Bank's (ECB) aim and the appreciation of the euro is one factor that needs to be watched closely, ECB Executive Board Member Fabio Panetta on Tuesday, as reported by Reuters. Additional takeaways "Faced with such a sizeable downward skew, there is a strong case for our reaction function to be asymmetric." "Risks of a policy overreaction are much smaller than the risks of the policy being too slow or too shy to react and the worst-case scenarios materialising." "Macroeconomic policies – above all monetary and fiscal policies – must remain complementary."… Top 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.
