Reuters analysis details how latest ECB rate-hike pushback turns euro into falling knife - Reuters News Agency
Business & Finance

Reuters analysis details how latest ECB rate-hike pushback turns euro into falling knife

In an in-depth analysis, Reuters detailed how the European Central Bank’s latest comments on inflation have lobbed another grenade in the path of the euro. Already down over 7% to the dollar this year, the euro tumbled against every major currency after ECB President Christine Lagarde quashed money markets’ expectations of a 2022 interest rate rise earlier this week. Tightening policy now would only choke off economic recovery, she said. Her stance pits the euro against peers which are backed by policy-tightening expectations.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & FinanceEconomy & PolicyEquitiesFX & Fixed Income
Regions: Europe
Story Types: Special Report / Insight
Media Types: Text
Customer Impact: Important Regional Story
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