ECB’s De Guindos: No evidence of second round inflation effects

The current higher phase of inflation could last longer than earlier thought.

No evidence of second-round inflation effects.

Bottlenecks are likely to shift growth.

 

developing story ....

ECB’s Kazaks sets high bar for Omicron-driven extra stimulus – Bloomberg

In order to ramp up emergency stimulus, the new Omicron covid variant must have a significant damaging impact on the euro area economy, European Centr
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Gold Price Forecast: XAU/USD eyes acceptance above $1,792 for further upside – Confluence Detector

The optimism around the less severe effects of the new Omicron covid variant continues to play out so far this week, downing the safe-haven US dollar.
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