Global Footer BannerSponsored

Read the market story
ECB's Vujčić Cautions Against Reading Higher Energy Prices as Automatic Rate Hikes
Vera
By Vera
Markets Editor
European Central BankCentral Bank refers to the public monetary authority responsible for managing a currency system and implementing monetary policy. The term belongs in Level 7 because it helps co...Read More Vice-President Boris Vujčić said markets are focusing heavily on higher energy prices when pricing the ECB's interest-rate path, but policymakers will assess a broader set of data before deciding further moves. In an ECB-published Reuters interview released September 18, Vujčić said energy prices had risen beyond assumptions used in the latest projections and could stay elevated for longer. He also warned that persistent energy costs can weaken household purchasing power and consumption, creating a growth drag alongside the InflationInflation refers to a sustained rise in the general price level that reduces the purchasing power of money. The term belongs in Level 7 because it helps connect macro conditions...Read More pressure.
New to Markets?
What Happened
    Why It Matters
      The Number
      The Trap
      Vera's Take
      Point?
      Watch Next
      Related Instruments
      Sources
      Sponsored
      Disclaimer: This content is for educational and informational purposes only. It does not constitute investment advice, financial advice, or a recommendation to buy or sell any security. Past performance is not indicative of future results. Trading forex and CFDs involves substantial risk of loss. Always consult a qualified financial advisor before making investment decisions.