ECB’s Vasle: Possible for more rate cuts if baseline scenario holds
Source Fxstreet
The European Central Bank (ECB) policymaker Bostjan Vasle said on Thursday, it is “possible for more rate cuts if baseline scenario holds.”
Additional quotes
Also more rate cuts next year if disinflation process continues.
But there is a risk that the process could slow down.
Wage momentum is still relatively strong.
Market reaction
As of writing, EUR/USD continues to hold steady near the 1.0800 mark, taking account of Wednesday’s US inflation data and the Fed policy decision.
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.
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