ECB’s Escrivá: A 25 bps cut next week is a likely scenario
Source Fxstreet
European Central Bank (ECB) policymaker José Luis Escrivá said on Wednesday that “a 25 basis points (bps) cut next week is a likely scenario.”
Additional quotes
ECB needs to wait for hard data to confirm forecasts.
Incoming information points towards converging to 2% inflation goal.
It is unclear whether there will be inflation spillovers from US policy.
To retain full optionality is more important than ever.
Market reaction
EUR/USD extends the rebound to near 1.0450 following these comments, up 0.18% on the day at press time.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin fell sharply last week, testing the short-term defense line at $62,000, with the outcome of US-Iran negotiations becoming a key factor.On August 3, Bitcoin ( BTC) extended its rec
International oil prices plunged during Asian trading hours on Monday. US President Donald Trump announced a suspension of a new round of military action against Iran and plans to restart
US President Donald Trump says Iran talks to begin Monday after canceling attackUS President Donald Trump said that fresh round of Iran talks would begin Monday after he cancelled a planned attack on Iran partially in response to pleas from US allies in the Middle East, including Saudi Arabia, Bloomberg reported on Monday.
US President Donald Trump said that fresh round of Iran talks would begin Monday after he cancelled a planned attack on Iran partially in response to pleas from US allies in the Middle East, including Saudi Arabia, Bloomberg reported on Monday.
As Microsoft ( MSFT) and Google ( GOOGL) sequentially delivered stellar cloud computing report cards, Amazon ( AMZN) also proved with an earnings report that far exceeded expectations tha
WTI holds losses around $82.50 on renewed US-Iran diplomatic hopesWest Texas Intermediate (WTI) oil price remains in the negative territory for the second successive day, trading around $82.60 per barrel during the Asian hours on Friday. Crude oil prices have lost ground following renewed hopes for a diplomatic solution to the US-Iran conflict.
West Texas Intermediate (WTI) oil price remains in the negative territory for the second successive day, trading around $82.60 per barrel during the Asian hours on Friday. Crude oil prices have lost ground following renewed hopes for a diplomatic solution to the US-Iran conflict.
Related Instrument
