ECB’s Cipollone: Inflation target may be reached sooner than last projections indicated

Dhwani Mehta FXStreet

European Central Bank (ECB) Executive Board member Piero Cipollone said on Monday, “the inflation target may be reached sooner than the last projections indicated.”

Additional quotes

Key elements strengthen the case for further rate cuts.

Current conditions make further policy easing conceivable.

Market reaction

At the time of writing, the EUR/USD pair is up 0.23% on the day, trading near 1.0840.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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