ECB’s Rehn: If disinflation stays on track, it would make a case for further rate cuts
|European Central Bank (ECB) policymaker Olli Rehn said on Tuesday that “if disinflation stays on track, it would make a case for further rate cuts.”
Additional quotes
The direction of our policy moves is clear.
The pace of the moves depends on the data.
We are data dependent but not data point dependent.
Rate cuts will depend on our overall assessment at each meeting.
Euro area growth is projected to be sluggish.
Growth outlook has deteriorated due to manufacturing sector.
We could be leaving the restrictive territory in the spring of 2025.
The last thing we need now is yet another trade war.
Tariffs impact will be medium-to-long term.
Protectionism, by definition, is inflationary.
Market reaction
At press time, EUR/USD loses 0.25% on the day to trade near 1.0625. Traders await the German ZEW sentiment survey for further impetus.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.