{"id":292000,"date":"2024-04-29T14:22:11","date_gmt":"2024-04-29T08:52:11","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=292000"},"modified":"2024-04-29T14:22:11","modified_gmt":"2024-04-29T08:52:11","slug":"july-rate-cut-is-not-a-done-deal-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/july-rate-cut-is-not-a-done-deal-crypto-news\/","title":{"rendered":"July rate cut is not a done deal &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>European Central Bank (ECB) policymaker Pierre Wunsch said on Monday that a \u201cJuly rate cut is not a done deal.\u201d<\/p>\n<h2 class=\"fxs_headline_medium\">Additional quotes<\/h2>\n<blockquote>\n<p>We are going with at least two rate cuts this year, barring any bad news.<\/p>\n<p>We still want policy to remain a little restrictive.<\/p>\n<p>Cutting rates again in July could be interpreted to mean we are going to cut at every meeting.<\/p>\n<p>And that would lead to repricing that might go too far.<\/p>\n<p>July decision should be about managing expectations.<\/p>\n<p>I&#8217;m very comfortable with rate cut in June.<\/p>\n<p>But if we only do two or three rate cuts, then should not communicate that at every meeting.<\/p>\n<p>Would be very surprised if ECB does more than 25 bps rate cut in June.<\/p>\n<\/blockquote>\n<h2 class=\"fxs_headline_medium\">Market reaction<\/h2>\n<p>Despite these comments from the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/ecb\" data-fxs-autoanchor=\"\">ECB<\/a> official, EUR\/USD is paring back gains to test 1.0700, at the time of writing.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>European Central Bank (ECB) policymaker Pierre Wunsch said on Monday that a \u201cJuly rate cut is not a done deal.\u201d Additional quotes We are going with at least two rate cuts this year, barring any bad news. We still want policy to remain a little restrictive. Cutting rates again in July could be interpreted to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9834,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,386,251,246,257,825,433,255,684,250,252,247,253,249,256,254],"class_list":["post-292000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-centralbanks","tag-chainlink","tag-coin","tag-cryptocurrency","tag-ecb","tag-eurusd","tag-gta","tag-interestrate","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/292000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=292000"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/292000\/revisions"}],"predecessor-version":[{"id":292003,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/292000\/revisions\/292003"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/9834"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=292000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=292000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=292000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}