- ECB’s Stournaras: A 25 bps December rate cut is the right response to trade tariffs
Market news
21 November 2024
ECB’s Stournaras: A 25 bps December rate cut is the right response to trade tariffs
European Central Bank (ECB) Governing Council member Yannis Stournaras said on Thursday that “trade tariffs are likely to provoke a response. And a 25 basis points (bps) rate cut in December is the right response.”
Additional quotes
We should cut every meeting until rates reach 2%.
The neutral rate on average is about 2%.
It's too soon to say if ECB needs to go below neutral.
Market reaction
At the time of writing, EUR/USD is testing intraday lows at 1.0515, down 0.25% 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