ECB’s Bini-Smaghi says inflation a concern
Written by Sean Lee
February 21, 2011 at 05:42 GMT
February 21, 2011 at 05:42 GMT
- Outlook better than expected in terms of growth and unemployment
- On track for a gradual recovery
- Rise in food prices might be permanent; inflation is a concern
Not quite as strong as his Friday night comments when he said the ECB were ready to raise rates. EUR/USD popped up 15 pips pretty quickly and will close the Asian session unchanged.
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