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The ECB pledged to keep interest rates at lows

The ECB pledged to keep interest rates at lows | 23 July 2021

23 July 2021, EUR/USD

The ECB pledged to keep interest rates at lows

EURUSD trading plan:

The European Central Bank pledged to keep interest rates at record lows for even longer to boost sluggish inflation and warned that the rapidly spreading Delta variant of the coronavirus poses a risk to the euro zone's recovery. "We did so to underline our commitment to maintain a persistently accommodative monetary policy stance to meet our inflation target," ECB President Christine Lagarde told a news conference. The ECB expects inflation in the euro zone as a whole to hit 1.9% this year before falling back to 1.5% in 2022 and 1.4% the year after. Inflation has undershot the target for most of the last decade, even with rates slashed to record lows and stimulus pumped in.

Investment idea: range 1.1740 -1.1830.

David Johnson
Analyst of «FreshForex» company
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