shine trader live reports:
n the face of rising prices day after day, the Federal Reserve seems to have shaken. The signal of reducing bond purchase is very clear. If there is no accident, it is before the end of the year. However, the ECB has not let go. To achieve a balance between economic recovery and inflation, any monetary policy helmsman needs to think again.
Although the outside world is looking forward to it, the ECB still adheres to its views. On October 16th, covid-19, President Lagarde issued a speech entitled “globalization after the outbreak” at the annual meeting of the International Monetary Fund. He said that the European Central Bank would continue to implement monetary policy supporting the euro area economy.
The focus is on inflation. For the inflation challenge generally faced by the global market, Lagarde said that the current rising inflation situation is unlikely to last long and is largely temporary. At the same time, she said that the European Central Bank was “very closely watching” labor negotiations and other potential second round effects that could promote more lasting price increases.
At present, the inflationary pressure in Europe is not small. According to the latest data released by Eurostat, inflation in the eurozone soared to 3.4% in September, the highest in 13 years. This has significantly exceeded 2%, the “symmetrical inflation target” set by the European Central Bank. In fact, inflation in the eurozone has been rising every month since June, reaching 2.2% and 3% respectively in July and August, also significantly exceeding the target of 2%.
article links：The inflation rate of the US is twice that of the EU
Reprint indicated source：Spark Global Limited information