ECB Positioned Favorably After Rate Hike as Oil Decline Eases Inflation, Mulan Says

According to Jin10, ECB Governing Council member Isabel Mulan said yesterday (July 3) that the central bank is well-positioned following last month's rate hike, as falling oil prices alleviate price pressures in the eurozone. Mulan stated the ECB will not enter a new rate-hike cycle, while noting that risk balances remain at reasonable levels. She added that the oil price decline will ease inflation pressures in the services sector, with no signs of second-round effects yet visible.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments