ECB’s Stournaras: A 25 bps December rate cut is the right response to trade tariffs
Source Fxstreet
European Central Bank (ECB) Governing Council member Yannis Stournaras said on Thursday that “trade tariffs are likely to provoke a response. And a 25 basis points (bps) rate cut in December is the right response.”
Additional quotes
We should cut every meeting until rates reach 2%.
The neutral rate on average is about 2%.
It's too soon to say if ECB needs to go below neutral.
Market reaction
At the time of writing, EUR/USD is testing intraday lows at 1.0515, down 0.25% on the day.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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