ECB’s Panetta: Monetary policy would remain restrictive even after several rate cuts
Source Fxstreet
European Central Bank (ECB) executive board member Fabio Panetta said on Friday that “monetary policy would remain restrictive even after several rate cuts.”
Additional quotes
Monetary easing can be expected over the coming months if data confirms our forecasts
Must avoid policy becoming too restrictive.
That could push inflation below the ECB's symmetrical target.
Inflation is expected to ease further in the next few quarters.
ECB will take into account Fed policy, but not be bound by it.
Market reaction
EUR/USD was last seen trading at 1.0837, adding 0.06% on the day, just ahead of the Eurozone inflation data release.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
During the Asian trading session on June 4, Bitcoin continued its multi-day slump, briefly dropping below the $62,000 mark to $61,338. As of press time, Bitcoin was trading at $63,844, wi
Bitcoin drops below $65K amid reinforced bear market signalsBitcoin (BTC) dipped further below $65,000 on Wednesday, with onchain data from Glassnode signaling a market firmly in a bear phase. The decline has pushed prices back into a key valuation range between the Realized Price and the True Market Mean.
Bitcoin (BTC) dipped further below $65,000 on Wednesday, with onchain data from Glassnode signaling a market firmly in a bear phase. The decline has pushed prices back into a key valuation range between the Realized Price and the True Market Mean.
Here is what you need to know on Wednesday, June 3:
On June 2, Eastern Time, the cryptocurrency market suffered its most severe wave of concentrated liquidations so far this year. Bitcoin ( BTC) fell below the $70,000 psychological support
West Texas Intermediate (WTI) gains ground for the third successive day, trading around $92.90 per barrel during the Asian hours on Wednesday.
Related Instrument
