ECB’s Vujčić: Market expectation for three more rate cuts this year not unreasonable
European Central Bank (ECB) policymaker Boris Vujčić noted on Thursday that the market is pricing in three more rate cuts this year and added that those expectations are not unreasonable, per Reuters.
He also said that the ECB could remove the reference to 'restrictive policy' already in March policy statement and explained that rate cut predictions are based on expectations for a quick fall in services inflation in the coming months.
Market reaction
These comments don't seem to be having a noticeable impact on the Euro's performance against its rivals. At the time of press, EUR/USD was up 0.55% on the day at 1.0438.
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.