ECB’s Wunsch: We must not “sleepwalk” to cutting rates to 2%
|
European Central Bank (ECB) policymaker Pierre Wunsch told the Financial Times (FT), “I’m not pleading for a pause in April. But we must not "sleepwalk" to cutting rates to 2% without thinking about it.”
Additional quotes
If the data justify a rate cut, we will cut.
If it doesn't, then we might have to pause.
I think the risks on the downside and upside for inflation are relatively limited.
Inflation in Europe might be the boring part of this year; and it's not going to be a boring year.
ECB is tasked with fine-tuning policy around a soft landing now.
Market reaction
EUR/USD was last seen trading at 1.0513, up 0.53% on the day, courtesy of the German Conservatives election win.
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.