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.
Recommended Articles
The technical analysis of the daily chart indicates a prevailing bullish bias, with the pair remaining within the ascending channel pattern.
Dow Jones futures advance 0.20% to trade above 47,100 during European hours ahead of the opening of the United States (US) regular session on Friday.
Gold catches fresh bids on the last day of the week amid reviving safe-haven demand.
From a technical perspective, the black liquid has been trending lower along a downward-sloping channel since late October.
The pair depreciates as the Pound Sterling (GBP) weakens following the Bank of England’s (BoE) dovish hold in November.
