ECB’s Stournaras: Policy should continue with a series of rate cuts at the next meetings
Source Fxstreet
European Central Bank (ECB) Governing Council member Yannis Stournaras said on Thursday that “policy should continue with a series of rate cuts at the next meetings.”
Additional quotes
Our moves should be gradual and cautious based on the available data.
Larger rate cuts should not be ruled out if incoming data warrants it to be the case.
Latest forecasts show inflation reaching 2% target in a sustainable manner from Q2 2025.
Market reaction
At the time of writing, EUR/USD is testing intraday lows near 1.0280, down 0.21% on the day.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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