“European Central Bank (ECB) should not unconditionally pre-commit to future policy moves,” the central bank’s executive board member Fabio Panetta said on Thursday.
“Headline inflation may fall below 3% towards the end of the year.”
“Core inflation cannot turn on a dime, will eventually follow headline inflation.”
“Wages are an upside risk, accelerating wage growth raises the specter of wage-price spiral.”
The above comments fail to have any impact on the Euro, as EUR/USD continues to consolidate gains just above the 1.0700 level.