Impact of lockdown is less than it was a year ago
We now have a more balanced picture of risks Economy expected to return to pre-pandemic size around the end of the year Build-up of savings is an upside risk I would expect pickup in inflation towards 2% in the next few months We do not see inflation rising towards 4% or 5% We are not out of tools for policy options We could introduce new monetary policy tools We are asking banks to get ready for negative rates But there is no view on whether we will use them or not Rise in rates in the market is consistent with change in economic outlookFurther Development
Analyzing the current trading chart of EUR/USD, I found that there is the consolidation phase in last 6 hours and you should watch for the breakout to confirm further direction.
Key Levels:
Resistance: 1,1942
Support level: 1,1910 and 1,1870