ECB’s Panetta: The fight against inflation cannot be considered over

European Central Bank (ECB) policymaker Fabio Panetta said on Monday, “the fight against inflation cannot be considered over.”

Further comments

"Must carefully monitor all factors that could hinder return to 2% target."

"Weak euro area economy and geopolitical tensions contributing to containing inflation."

"But increased uncertainty, especially contradictory US policy announcements, calls for caution on rates."

Market reaction

At the press time, EUR/USD is trading modestly flat at around 1.0825.