European Central Bank (ECB) policymaker Pablo Hernandez de Cos said on Wednesday that he feels more confident that the trajectory of inflation might l
ead them to target, per Reuters. He added that they could get to the inflation target if interest rates are maintained for a sufficiently long period. Key quotes "Statement is conditional, based on current info." "Different shocks may require different responses.
" Market has understood very well our communication." "A negative Gross Domestic Product reading for Q3 is possible." "Growth risk is skewed to downside." "Core inflation has turned a corner." Market reaction EUR/USD showed no immediate reaction to these comments and was last seen trading flat on the day slightly above 1.0600.
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