ECB’s Centeno: Current policy stance will get inflation to the target

Speaking on Thursday, European Central Bank (ECB) Governing Council member and Bank of Portugal Governor, Mario Centeno, said that ”the current stance will get inflation to the target.”

Additional quotes

We need to be predictable on policy.

I don't see the Israel conflict affecting data yet.

We need to preserve labor market stability.

We need to monitor the price of oil.

We need to be nimble in adjusting policy to data.

Market reaction

EUR/USD was last seen trading at 1.0621, modestly flat on the day. The pair is off the three-week high heading into the US Consumer Price Index (CPI) data release.