ECB Governing Council member Olli Rehn said, “with inflation rising sharply, there has been good reason to expedite the normalization of monetary policy,” “The impacts of Russia’s brutal war are being felt around the world, and people are having to pay higher prices for energy and food,” he said.
The post ECB Rehn: Sharply rising inflation justifies expedite policy normalization appeared first on Action Forex.
Key Highlights WTI Crude Oil started a recovery wave above $96.50 and $98.00. A bullish trend line is forming with support at $99.80 on the 4-hour chart of XTI/USD. Gold is grinding lower below the Read more…
RBNZ Governor Anna Breman warned at a panel discussion today that New Zealand is being affected by global inflation shocks stemming from the Middle East conflict, noting that it has “disrupted global supply chains, pushing Read more…
Australia’s inflation accelerated sharply in March, with headline CPI rising from 3.7% yoy to 4.6% yoy, the highest since September 2023, though slightly below expectations of 4.8% yoy. The surge was largely driven by energy Read more…