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The ECB forecast a gradual decline in inflation

The ECB forecast a gradual decline in inflation | 11 January 2023

11 January 2023, EUR/USD

The ECB forecast a gradual decline in inflation

EURUSD trading plan:

European Central Bank's governing council member Mario Centeno said the current process of interest rate increases is approaching its end. The central banker, who was answering Portuguese legislators during a committee hearing in Lisbon, added even though inflation may have some resistance in January and February it will resume falling in March. "We are approaching the end of the current process of interest rate hikes, I believe that is true," he said. Centeno said that "wage updates in Europe could make it difficult for prices to continue to fall" in the next two months, but "after that, inflation will fall again from March onwards."

Investment idea: buy 1.0729 and take profit 1.0788.

David Johnson
Analyst of «FreshForex» company
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