“Geopolitics risk persistent inflation volatility,” the European Central Bank’s executive board member, Fabio Panetta, said on Monday.
Panetta added that “globalization may influence the natural rate of interest.”
Market reaction
The above comments fail to have any impact on the Euro, as EUR/USD is trading close to the intraday high at 1.1021, as of writing. The spot is up 0.27% on the day.
