ECB’s Vasle: We should keep going to neutral in measured steps
European Central Bank (ECB) Governing Council member Bostjan Vasle said on Thursday that “we should keep going to neutral in measured steps.”
Further comments
There is no urgency in discussing undershooting the target or going below neutral.
Inflation has not yet been defeated.
But recent data has been encouraging.
Once we get closer to neutral, it may be appropriate to align our language accordingly.
A soft landing with a recovery is still the baseline.
But recent data presents some risks that might delay the expected improvement to growth.
Market reaction
EUR/USD was last seen trading at 1.0791, unaffected by these above comments. The pair is up 0.10% on a daily basis.
Euro PRICE This week
The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the weakest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.69% | 0.96% | 1.86% | 0.07% | 0.94% | 0.89% | 0.19% | |
| EUR | -0.69% | 0.19% | 1.07% | -0.56% | 0.21% | 0.08% | -0.58% | |
| GBP | -0.96% | -0.19% | 0.87% | -0.87% | -0.01% | -0.08% | -0.81% | |
| JPY | -1.86% | -1.07% | -0.87% | -1.76% | -0.89% | -0.88% | -1.68% | |
| CAD | -0.07% | 0.56% | 0.87% | 1.76% | 0.78% | 0.87% | -0.01% | |
| AUD | -0.94% | -0.21% | 0.01% | 0.89% | -0.78% | 0.02% | -0.81% | |
| NZD | -0.89% | -0.08% | 0.08% | 0.88% | -0.87% | -0.02% | -0.74% | |
| CHF | -0.19% | 0.58% | 0.81% | 1.68% | 0.01% | 0.81% | 0.74% |
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 Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
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