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10 Jul 2023

ECB’s Centeno sees inflation under 3% by the year-end

In a speech over the weekend, European Central Bank (ECB) Governing Council member and Bank of Portugal Governor, Mario Centeno, said that he expects Eurozone “inflation under 3% by the end of 2023.”

Additional quotes

"Inflation is coming down faster than the way up."

"We need to fuel this process and be very confident we can make it."

The Eurozone labor market is the "strongest" it's ever been.

Market reaction

EUR/USD was last seen trading at 1.0968, modestly flat on the day. The spot clings to Friday’s gains, at weekly highs.

Jul 10, 2023

US Treasury Sec. Yellen: Discussions were were “direct” and “productive” with Chinese officials

Following 10 hours of bilateral meetings with senior Chinese officials on Saturday, US Treasury Secretary anet Yellen said that discussions were “dire
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Jul 10, 2023

ECB’s Villeroy: Interest rates to reach high point soon, will be a plateau than a peak

European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said over the weekend, “Eurozone rates will soon reach their high poi
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