ECB's Makhlouf: The central bank needs to get ahead of inflation
European Central Bank (ECB) Governing Council member and Governor of the Central Bank of Ireland, Gabriel Makhlouf, said during the European trade on Friday that the central bank needs to act quickly before inflation starts accelerating further.
Remarks
We need to get ahead of inflation.
Seeing more broad-based inflation impact.
It would be a mistake for us to do nothing.
Market reaction
In the European trade, the US Dollar (USD) is driving EUR/USD, and not comments from ECB officials. As of writing, EUR/USD trades 0.15% lower at around 1.1560.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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