ECB’s Panetta: The conditions to start easing monetary policy are materializing

Market news

28 March 2024

ECB’s Panetta: The conditions to start easing monetary policy are materializing

European Central Bank (ECB) executive board member Fabio Panetta said on Thursday, “the conditions to start easing monetary policy are materializing.”

Additional quotes

Restrictive policy is dampening demand and contributing to a rapid fall in inflation.

The risks to price stability have diminished.

Market reaction

Downbeat German data combined with the dovish remarks are weighing on the Euro, as EUR/USD currently loses 0.42% on the day to trade at 1.0780.

Italy Trade Balance non-EU increased to €6.739B in February from previous €2.889B

DXY to pop through 104.50 towards 105.00 – ING

Market Focus

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