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
Web3 enthusiast and crypto entrepreneur Joe Zhou has flagged a new phishing SMS message scam related to the Binance exchange.
Metaplanet added another 797 BTC to its treasury.
Meme coins, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), are experiencing a decline as selling pressure builds in the broader cryptocurrency market.
Bitcoin market participants hold divided views for short-term price action, with targets ranging vastly between $150,000 and a potential drop back to $70,000.
EUR/USD steadies near 1.1650 ahead of US Nonfarm PayrollsEUR/USD holds ground after five days of losses, trading around 1.1650 during the Asian hours on Friday. Traders remain cautious ahead of the US Nonfarm Payrolls (NFP) report, which is expected to offer further insight into labor market conditions and the Federal Reserve’s (Fed) policy outlook.
EUR/USD holds ground after five days of losses, trading around 1.1650 during the Asian hours on Friday. Traders remain cautious ahead of the US Nonfarm Payrolls (NFP) report, which is expected to offer further insight into labor market conditions and the Federal Reserve’s (Fed) policy outlook.
