ECB's Villeroy: Middle East stress should not delay June rate cut
Trending Articles- Gold Price Forecast: XAU/USD rises to near $4,150 as Fed rate cut bets grow
- Bitcoin Price Forecast: BTC extends recovery as ETF records positive flows
- Silver Price Forecast: XAG/USD bulls remain focused on the $54.40 level
- Fed Officials Speak Out in Force to Back Rate Cut! December Cut Now a Done Deal? Will the FOMC Meeting Be Delayed?
- Australian Dollar extends gains as traders expect RBA to hold rates
- NZD/USD jumps above 0.5650 as RBNZ cuts OCR to 2.25%
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.
