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26 Feb 2020

ECB's Holzmann: Policymakers had heated discussions abouy inflation target

The European Central Bank (ECB) policymakers had "heated discussions" last week on possibly changing the inflation target, ECB Governing Council member and head of the Austrian Central Bank, Robert Holzmann, said during an investment conference on Wednesday.

"Is our monetary policy target - (inflation of) just under 2% - where it should be? Should it be less, should it be more? Should it be symmetrical? Should it be asymmetrical? ... We had heated discussions about that last week in the (Governing) Council," Holzmann explained, as reported by Reuters.

EUR/USD reaction

The EUR/USD pair, which extended its recovery to 1.0900 earlier in the day, was last seen posting small daily losses at 1.0878.

Feb 26, 2020

Japan: Economy contraction is on the cards – BNP Paribas

The Japanese economy ended 2019 on a negative note as consumer spending was hit by the VAT hike introduced in October. The start of 2020 looks difficu

GBP/USD: Coronavirus and Brexit to drive the cable

Fear is gripping markets. Coronavirus headlines continue dominating the news, triggering a flight to safety in markets, while speculation about Brexit