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.
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Gold slumps to near $5,050 on oil-driven inflation fears, stronger US DollarGold price (XAU/USD) falls to around $5,065 during the early Asian session on Monday, pressured by a stronger US Dollar (USD) and inflationary risks. Traders will closely monitor the developments surrounding the US-Iran conflicts and geopolitical risks in the Middle East.
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