- French FinMin Le Maire: There will not be any reduction in interest rates in coming months
Market news
28 August 2023
French FinMin Le Maire: There will not be any reduction in interest rates in coming months
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.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page