- ECB’s Välimäki: Must not jump the gun on rate cuts
Market news
16 tháng 1 2024
ECB’s Välimäki: Must not jump the gun on rate cuts
European Central Bank (ECB) Governing Council member,” Tuomas Välimäki, suggested on Tuesday that we “must not jump the gun on rate cuts.”
Additional comments
Better to wait a bit longer than cut rates prematurely.
Inflation is on the right track but the job is not done.
Restrictive monetary policy is still called for.
Soft landing for the economy is still the baseline but risks are tilted to the downside.
Market reaction
EUR/USD was last seen trading at 1.0887, down 0.55 on the day.
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