ECB's Knot: Not uncomfortable with market pricing of rate cuts
Source Fxstreet
In an interview with Bloomberg on Thursday, European Central Bank (ECB) Governing Council member Klaas Knot said that he expects a "cautious slide" in key rates after June.
Knot added that they can't rule out small rebounds in inflation in Germany in some months this year. Nevertheless, he noted that he is increasingly confident about the disinflation process and said that he is not uncomfortable with the market pricing of ECB rate cuts.
Market reaction
EUR/USD showed no reaction to these comments and was last seen fluctuating in its narrow daily range above 1.0650.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Here is what you need to know on Friday, May 29:
Understand how the Strait of Hormuz shock moved markets, and what CFD traders watched next.
Discover the best Japanese stocks to buy, including AI semiconductor leaders, Buffett-backed trading houses, and undervalued Japan stocks benefiting from corporate reforms and yen trends.
West Texas Intermediate (WTI) oil price extends its losses for the third successive day, trading around $87.20 per barrel during the Asian hours on Friday.
On May 27, Bloomberg reported that copper trading activity has intensified as market expectations of potential copper tariffs under a Trump administration heat up, prompting traders to sh
