ECB’s Šimkus: If disinflation gets entrenched, rates could get lower than the natural level
|European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Monday, “if disinflation gets entrenched, rates could get lower than the natural level.”
Additional quotes
The disinflation trend is on a stable track.
Services inflation remains high.
Risks to economic growth are skewed to the downside.
The policy will clearly become less restrictive.
I can't predict the outcome of December's meeting.
We'll have much more hard data by December.
Market reaction
These comments fail to move the needle around the Euro, keeping EUR/USD 0.10% lower on the day at 1.10854, as of writing.
Euro PRICE Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.11% | 0.17% | 0.15% | 0.02% | 0.22% | 0.08% | 0.12% | |
| EUR | -0.11% | -0.01% | -0.05% | -0.03% | 0.08% | -0.14% | -0.07% | |
| GBP | -0.17% | 0.01% | -0.04% | -0.14% | 0.06% | -0.09% | -0.09% | |
| JPY | -0.15% | 0.05% | 0.04% | -0.13% | 0.08% | -0.01% | -0.08% | |
| CAD | -0.02% | 0.03% | 0.14% | 0.13% | 0.10% | 0.12% | -0.02% | |
| AUD | -0.22% | -0.08% | -0.06% | -0.08% | -0.10% | -0.07% | -0.17% | |
| NZD | -0.08% | 0.14% | 0.09% | 0.01% | -0.12% | 0.07% | -0.01% | |
| CHF | -0.12% | 0.07% | 0.09% | 0.08% | 0.02% | 0.17% | 0.00% |
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).
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.