ECB’s Escriva sees energy inflation passing through to other sectors
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European Central Bank (ECB) policymaker José Luis Escrivá said on Thursday that higher energy costs are spreading to services and transport, while warning that the inflation outlook remains highly uncertain for the European Union (EU) at a speech in Barcelona.
European Central Bank (ECB) policymaker José Luis Escrivá said on Thursday that higher energy costs are spreading to services and transport, while warning that the inflation outlook remains highly uncertain for the European Union (EU) at a speech in Barcelona.
Key takeaways:
Energy costs are spreading to services and transport.
The baseline scenario is subject to considerable uncertainty.
It is unclear how long the recovery of oil production will take.
There is uncertainty about oil prices and inflation transmission.
There is uncertainty about second-round effects regarding wages.
Second-round effects on wages have yet to materialize.”
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Swiss Franc.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
0.33%
0.62%
0.47%
0.27%
-0.06%
0.27%
0.65%
EUR
-0.33%
0.31%
0.15%
-0.07%
-0.38%
-0.11%
0.32%
GBP
-0.62%
-0.31%
-0.19%
-0.37%
-0.68%
-0.39%
0.00%
JPY
-0.47%
-0.15%
0.19%
-0.18%
-0.53%
-0.25%
0.16%
CAD
-0.27%
0.07%
0.37%
0.18%
-0.35%
-0.06%
0.36%
AUD
0.06%
0.38%
0.68%
0.53%
0.35%
0.29%
0.70%
NZD
-0.27%
0.11%
0.39%
0.25%
0.06%
-0.29%
0.42%
CHF
-0.65%
-0.32%
-0.00%
-0.16%
-0.36%
-0.70%
-0.42%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
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