ECB's Lagarde: We are not there yet on rate cuts, need more data
Source Fxstreet
European Central Bank (ECB) President Christine spoke with CNN on Tuesday. Lagarde did not provide a timeline for interest rate cuts, but emphasised that wage data would be crucial in determining when to start monetary easing.
Key quotes
“We need to be further into the disinflationary process before cutting rates.”
“The next move will be a cut.”
“Wage data is critically important.”
Market reaction
At the time of writing, the EUR/USD pair is trading higher at 1.0845, adding 0.01% on the day.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitwise's Matt Hougan Predicts a Crypto Boom in 2026 Amid Current Market Struggles
Bitcoin and Ethereum are diverging significantly in their monetary roles, according to a joint report from Glassnode and Keyrock.
Ethereum slides 5% as bears lean on $3,500 cap and put $3,150 support in focusEthereum (ETH) drops more than 5% after a failed push above $3,550, with price sliding to $3,153 and now holding below $3,350, the 100-hour SMA and a bearish trend line at $3,500; unless bulls reclaim the $3,350–$3,500 zone, the short-term bias stays bearish and a clean break under $3,150 could expose $3,050, $3,000 and even the $2,880–$2,850 support area.
Ethereum (ETH) drops more than 5% after a failed push above $3,550, with price sliding to $3,153 and now holding below $3,350, the 100-hour SMA and a bearish trend line at $3,500; unless bulls reclaim the $3,350–$3,500 zone, the short-term bias stays bearish and a clean break under $3,150 could expose $3,050, $3,000 and even the $2,880–$2,850 support area.
Gold climbed higher on Friday, marking its strongest weekly performance in a month, as traders weighed the impact of a data backlog following the end of the US government's extended shutdown. Silver also moved upward.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trade in red on Friday after correcting more than 5%, 10% and 2%, respectively, so far this week.
