in

ECB to wait for core inflation rise before tightening, Schnabel says

“Inflation overshoots may be the result of the Governing Council exercising patience in adjusting its policy stance when faced with an improving outlook,” Schnabel said.

“Higher inflation prospects need to be visibly reflected in actual underlying inflation dynamics before they warrant a more fundamental reassessment of the medium-term inflation outlook.”


Source: Economy - investing.com

Citigroup beats analysts’ estimates for profit, helped by $1.1 billion boost from loans

Airbnb trails Expedia this year, and traders are split on which is the better bet in second half