{"id":310586,"date":"2024-05-27T13:28:35","date_gmt":"2024-05-27T07:58:35","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=310586"},"modified":"2024-05-27T13:40:07","modified_gmt":"2024-05-27T08:10:07","slug":"time-is-ripe-in-june-to-ease-the-monetary-policy-stance-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/time-is-ripe-in-june-to-ease-the-monetary-policy-stance-crypto-news\/","title":{"rendered":"Time is ripe in June to ease the monetary policy stance – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

European Central Bank<\/a> (ECB) policymaker Olli\u00a0Rehn\u00a0spoke about the timings of the central bank\u2019s interest rate cut on Monday.<\/p>\n

Key quotes<\/h2>\n
\n

Inflation is converging to our 2% target in a sustained way, and the time is thus ripe in June to ease the monetary policy stance and start cutting rates.<\/p>\n

This obviously assumes that the disinflationary trend will continue and there will be no further setbacks in the geopolitical situation and energy prices.<\/p>\n<\/blockquote>\n

Market reaction<\/h2>\n

The above comments fail to move the needle around the EUR\/USD pair<\/a>, as it gyrates around 1.0850, at the time of writing.<\/p>\n

\n
\n

Euro PRICE Today<\/h2>\n

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Swiss Franc.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/th>\nUSD<\/th>\nEUR<\/th>\nGBP<\/th>\nJPY<\/th>\nCAD<\/th>\nAUD<\/th>\nNZD<\/th>\nCHF<\/th>\n<\/tr>\n<\/thead>\n
USD<\/th>\n\u00a0<\/td>\n-0.02%<\/td>\n-0.03%<\/td>\n-0.06%<\/td>\n-0.03%<\/td>\n-0.15%<\/td>\n-0.26%<\/td>\n0.05%<\/td>\n<\/tr>\n
EUR<\/th>\n0.02%<\/td>\n\u00a0<\/td>\n-0.04%<\/td>\n0.00%<\/td>\n-0.01%<\/td>\n-0.19%<\/td>\n-0.34%<\/td>\n0.10%<\/td>\n<\/tr>\n
GBP<\/th>\n0.03%<\/td>\n0.04%<\/td>\n\u00a0<\/td>\n-0.02%<\/td>\n-0.00%<\/td>\n-0.14%<\/td>\n-0.23%<\/td>\n0.10%<\/td>\n<\/tr>\n
JPY<\/th>\n0.06%<\/td>\n0.00%<\/td>\n0.02%<\/td>\n\u00a0<\/td>\n-0.01%<\/td>\n-0.10%<\/td>\n-0.13%<\/td>\n0.07%<\/td>\n<\/tr>\n
CAD<\/th>\n0.03%<\/td>\n0.01%<\/td>\n0.00%<\/td>\n0.01%<\/td>\n\u00a0<\/td>\n-0.13%<\/td>\n-0.23%<\/td>\n0.02%<\/td>\n<\/tr>\n
AUD<\/th>\n0.15%<\/td>\n0.19%<\/td>\n0.14%<\/td>\n0.10%<\/td>\n0.13%<\/td>\n\u00a0<\/td>\n-0.07%<\/td>\n0.22%<\/td>\n<\/tr>\n
NZD<\/th>\n0.26%<\/td>\n0.34%<\/td>\n0.23%<\/td>\n0.13%<\/td>\n0.23%<\/td>\n0.07%<\/td>\n\u00a0<\/td>\n0.30%<\/td>\n<\/tr>\n
CHF<\/th>\n-0.05%<\/td>\n-0.10%<\/td>\n-0.10%<\/td>\n-0.07%<\/td>\n-0.02%<\/td>\n-0.22%<\/td>\n-0.30%<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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 US Dollar, the percentage change displayed in the box will represent EUR (base)\/USD (quote).<\/p>\n<\/div>\n<\/div>\n

\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

European Central Bank (ECB) policymaker Olli\u00a0Rehn\u00a0spoke about the timings of the central bank\u2019s interest rate cut on Monday. Key quotes Inflation is converging to our 2% target in a sustained way, and the time is thus ripe in June to ease the monetary policy stance and start cutting rates. This obviously assumes that the disinflationary […]<\/p>\n","protected":false},"author":2,"featured_media":11041,"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-310586","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\/310586","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=310586"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/310586\/revisions"}],"predecessor-version":[{"id":310587,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/310586\/revisions\/310587"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/11041"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=310586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=310586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=310586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}