ECB’s Knot: Recession not a foregone conclusion
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
European Central Bank (ECB) Governing Council member Klaas Knot said on Monday, “recession not a foregone conclusion.”
“Q4 economic growth will be weak, maybe negative.”
“Need weaker growth for inflation to return to goal.”
Despite the discouraging comments from the ECB policymakers, the EUR/USD is extending its recovery gains above 1.0400. At the press time, the pair is trading at 1.0421, up 0.27% on the day.
[/s2If]
Join Our Telegram Group
