# Euro zone inflation rise still not sustainable - ECB's Praet | Reuters

> ECB chief economist Peter Praet said the recent surge in euro zone inflation is temporary and that the ECB will keep its stimulus until higher inflation is judged sustainable. He added that the current environment still falls short of a sustained move toward the 2% target.

- Date: 2017-02-02 · published 2017-02-02T12:00:00.000Z
- Category: macro · region Euro Zone · magnitude low
- Page: https://feedsoft.ai/events/72708-euro-zone-inflation-rise-still-not-sustainable-ecb-s-praet-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Continued ECB stimulus keeps pressure on the euro against the dollar, which tends to support dollar-priced commodity exports from the U.S. and Brazil. The effect is a currency-driven shift rather than a direct supply or demand change.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-08-30 | [Euro zone inflation, August 2024](https://feedsoft.ai/events/29009-euro-zone-inflation-august-2024.md) | 0.0% | +0.7% |
| EURUSD | 2023-08-31 | [After mixed euro zone inflation data, where do ECB interest rate odds stand now?](https://feedsoft.ai/events/34813-after-mixed-euro-zone-inflation-data-where-do-ecb-interest-rate-odds-stand-now.md) | -2.0% | -3.2% |
| EURUSD | 2022-03-10 | [Euro zone bond yields soar as ECB presses on with stimulus exit \| Reuters](https://feedsoft.ai/events/42466-euro-zone-bond-yields-soar-as-ecb-presses-on-with-stimulus-exit-reuters.md) | -0.7% | -1.4% |
| EURUSD | 2022-03-10 | [Euro eases after ECB meeting, while dollar firms following inflation data \| Reuters](https://feedsoft.ai/events/9527-euro-eases-after-ecb-meeting-while-dollar-firms-following-inflation-data-reuters.md) | -0.7% | -1.4% |
| EURUSD | 2021-11-11 | [Dollar rockets to 16-month highs after hot U.S. inflation; euro sinks \| Reuters](https://feedsoft.ai/events/11949-dollar-rockets-to-16-month-highs-after-hot-u-s-inflation-euro-sinks-reuters.md) | -1.4% | -1.8% |

## Sources

- reuters.com: https://www.reuters.com/article/business/euro-zone-inflation-rise-still-not-sustainable-ecbs-praet-idUSKBN15H2B4/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.