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.
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AUD/USD holds ground near 0.6700 due to cautious RBA toneAUD/USD moves little after two days of gains, hovering around 0.6700 during the Asian hours on Friday. The pair steadies as the Australian Dollar (AUD) receives support amid cautious sentiment surrounding the Reserve Bank of Australia’s (RBA) policy outlook.
AUD/USD moves little after two days of gains, hovering around 0.6700 during the Asian hours on Friday. The pair steadies as the Australian Dollar (AUD) receives support amid cautious sentiment surrounding the Reserve Bank of Australia’s (RBA) policy outlook.
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