ECB's Rehn: We could cut interest rates in June
Source Fxstreet
If the macroeconomic assessment in June confirms an inflation convergence toward the European Central Bank's (ECB) target, key rates could be lowered in June, European Central Bank (ECB) policymaker Olli Rehn said on Tuesday.
Rehn added that future rate decisions will ensure that policy rates will stay sufficiently restrictive as long as necessary and noted that rate cut assumes there will be no further setbacks, for instance in the geopolitics and energy prices.
Market reaction
These comments don't seem to be having a significant impact on the Euro's valuation. At the time of press, the EUR/USD pair was down 0.05% on the day at 1.0620.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Gold (XAU/USD) trades lower for the second consecutive day on Friday, but remains contained within previous ranges, with downside attempts limited above the $4,500 line for now.
Silver price (XAG/USD) rises nearly 4% after registering losses in the previous day, trading around $78.50 per troy ounce during the Asian hours on Monday.
Here is what you need to know on Monday, May 25:
