Several reasons why we should not wait too long before first rate cut – Crypto News – Crypto News
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ECB’s Vujčić highlights stagnating Eurozone economy, peaking inflation to defend "wait and see" approach ECB’s Vujčić highlights stagnating Eurozone economy, peaking inflation to defend "wait and see" approach

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Several reasons why we should not wait too long before first rate cut – Crypto News

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2 years ago

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European Central Bank (ECB) Governing Council member and Bank of France President, Francois Villeroy de Galhau, said on Friday that there are “several reasons as to why we should not wait too long before first rate cut.”

Additional quotes

There is still the question of the exact timing for the rate cut.

The principle of a rate cut this year seems to be a given.

We have significant margin to maneuver on rate cuts without necessarily having to return to accommodative monetary policy.

Market reaction

EUR/USD is flirting with intraday lows near 1.0760 on the above comments, down 0.09% on the day.

Euro price today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the US Dollar.

  USD EUR GBP CAD AUD JPY NZD CHF
USD   0.12% 0.11% 0.12% 0.11% 0.20% 0.18% 0.14%
EUR -0.12%   -0.02% 0.00% -0.01% 0.09% 0.07% 0.02%
GBP -0.12% 0.00%   0.01% -0.01% 0.09% 0.07% 0.02%
CAD -0.12% -0.01% -0.01%   0.00% 0.08% 0.06% 0.02%
AUD -0.11% 0.03% 0.02% 0.02%   0.11% 0.09% 0.04%
JPY -0.21% -0.08% -0.09% -0.10% -0.12%   -0.01% -0.06%
NZD -0.19% -0.06% -0.07% -0.05% -0.07% 0.02%   -0.05%
CHF -0.15% -0.01% -0.02% -0.01% -0.02% 0.07% 0.05%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).

 

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