ECB’s Cipollone: ECB has room to lower rate swiftly despite wage rebound
European Central Bank (ECB) Executive Board member Piero Cipollone, in a scheduled speech on Wednesday, said that the ECB has room to cut interest rate swiftly despite wage rebound.
Additional quotes
A recovery in salaries is needed for Europe’s struggling economy to regain some momentum.
So far from neutral rate that there is room to adjust.
Market reaction
The Euro is unfazed by the above comments, as EUR/USD keeps its range at around 1.0830, as of writing.
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.