ECB's Villeroy: Timing and size of ECB rate cuts depend on data
Source Fxstreet
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Wednesday that the timing and the size of the ECB rate cuts will depend on data.
Villeroy further reiterated that they will be at the 2% inflation target in the coming year.
Earlier in the day, ECB Vice President Luis de Guindos said that while increasing defense spending across Europe was the "number one priority", he noted that there is a need to guarantee budget stability in accordance with the bloc's fiscal rules, per Reuters.
Market reaction
EUR/USD showed no immediate reaction to these comments and was last seen losing 0.4% on the day near 1.0900.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Prioritize filling the $27,000 gap and even try higher.
Billionaire Elon Musk recently raised funds for his two high-profile tech companies, xAI and Neuralink.
Silver (XAG/USD) is trading lower in an otherwise calm market session on Thursday.
Discover the best Japanese stocks to buy, including AI semiconductor leaders, Buffett-backed trading houses, and undervalued Japan stocks benefiting from corporate reforms and yen trends.
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.
