European Central Bank (ECB) policymaker and Slovakian central bank Governor Peter Kazimir said Thursday that “I think we can expect one more rate cut this year.” more to come ...
European Central Bank policymaker and Slovakian central bank Governor Peter Kazimir said Thursday, “I think we can expect one more rate cut this year.” He added, “I expect quiet summer on ECB rates.” Meanwhile, ECB Chief Economist Philip Lane said that “the officials will be agile on rates and keep an open mind.” Market reaction The Eurofails to move on these above comments, as EUR/USD holds its recovery mode below 1.0700, as of writing. The pair is up 0.08% so far.
Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. What is Quantitative Easing and how does it affect the Euro? In extreme situations, the European Central Bank can enact a policy tool called Quantitative Easing. QE is the process by which the ECB prints Euros and uses them to buy assets – usually government or corporate bonds – from banks and other financial institutions.
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