> ECB's Praet: Forward guidance supports a durable return of inflation to central bank's target

ECB's Praet: Forward guidance supports a durable return of inflation to central bank's target

Wednesday, 17/10/2018 | 07:37 GMT-0

Comments by ECB chief economist Peter Praet

Praet doesn't touch much on monetary policy in his speech but mentions that the ECB's forward guidance on rates and re-investment policy offers an effective combination of instruments to support a durable return of inflation to the central bank's target i.e. below, but close to 2%.

Not anything new that will impact the euro on the day. EUR/USD stays lower on the day at 1.1556 with EUR/GBP trading sluggishly around 0.8776 currently.