ECB's Rehn: Euro area inflation is still mostly transitory

“Some components are partly more persistent than previously thought.”

“If elevated inflation lasts much longer, it will likely have an effect on expectations.”

OECD: World faces fiscal problems much worse than those from covid

In its latest policy paper, the Organisation for Economic Co-operation and Development (OECD) warned that the world is likely to face massive fiscal
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USD/CAD Price Analysis: Refreshes multi-month lows, challenges descending channel support

The USD/CAD pair continued losing ground through the first half of the European session and fell to the 1.2320 region, or over three-month lows in the
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