ECB's Villeroy: Middle East stress should not delay June rate cut
Trending Articles- Gold rises to near $5,150 as Trump’s tariffs boost haven demand, US-Iran talks eyed
- Top 3 Price Prediction: BTC breakdown hints at deeper correction as ETH and XRP extend losses
- Gold rises to near $5,200 amid US tariff uncertainty, US PPI data in focus
- Gold climbs above $5,200 on geopolitical tensions, trade uncertainty
- Gold gains above $5,150 as US tariff uncertainty drive demand, eyes on US-Iran talks
- Oil prices rise as US and Iran extend talks into next week
French central bank chief Francois Villeroy de Galhau said on Sunday that tension in the Middle East is unlikely to drive up energy prices and should not affect the European Central Bank’s (ECB) plans to begin cutting interest rates in June, per Reuters.
Key quotes
"Barring surprises, there is no need to wait much longer.”
"It should be followed by further cuts, at a pragmatic pace,"
"At the moment, the conflict is not leading to a marked rise in oil prices. If this were ever the case, we would have to analyse monetary policy for whether this shock is temporary and limited, or whether it is transmitted—beyond commodities—to underlying inflation”.
Market reaction
These comments have little to no market reaction to the Euro. The EUR/USD pair is trading at 1.0659, adding 0.03% on the day.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
