French FinMin Le Maire: There will not be any reduction in interest rates in coming months

Dhwani Mehta FXStreet

French Finance Minister Bruno Le Maire offers her view on the monetary policy and inflation during his appearance this Monday.

Key takeaways

“There will not be any reduction in interest rates in the coming months.”

“Will ask food producers to take more action against inflation, what they have been doing is insufficient.”

“We also need to address inflation pressure in services sector.”

Market reaction

The Euro is unfazed by Le Maire’s comments, as EUR/USD is keeping its range at around 1.0815, up 0.17% on the day.

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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