ECB’s Kazimir: Gradual, step-by-step approach through 25 bps rate cuts is most prudent strategy
Source Fxstreet
European Central Bank (ECB) policymaker Peter Kazimir said on Monday, “gradual, step-by-step approach through 25 basis points (bps) rate cuts is the most prudent strategy.”
Additional quotes
More aggressive monetary easing would require a dramatic shift in conditions.
Europe’s economic malaise is largely structural, demands solutions beyond the remit of monetary policy.
Market reaction
EUR/USD was last seen trading at 1.0515, up 0.10% on the day.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Solana Investors Double Down: New Long-Term Holders Signal Confidence In 2024 Rally ContinuationSolana’s investor base is demonstrating unwavering confidence as the network sees a shift in the profile of its long-term holders. According to on-chain data from Glassnode, many more Solana addresses are moving into the long-term holder base, which showcases strong conviction from investors who entered the market during the recent 2024 rally.
Solana’s investor base is demonstrating unwavering confidence as the network sees a shift in the profile of its long-term holders. According to on-chain data from Glassnode, many more Solana addresses are moving into the long-term holder base, which showcases strong conviction from investors who entered the market during the recent 2024 rally.
Bitcoin, which faced heavy criticism from Wall Street heads during the early years, has become a $2 trillion beast, punching its way past $103,000 for the first time after 15 years of chaos.
If SOL fails to rise above the $228 resistance, it could start another decline.
If Ethereum fails to clear the $4,000 resistance, it could start another decline.
Bitcoin breaks its previous all-time high on Monday, reaches a high of $106,648.
Related Instrument
