European Central Bank (ECB) policymaker Pierre Wunsch said in a Reuters interview that “barring major negative surprises, ECB has room for a second rate cut.” Additional quotes 'A small deviation from the projections would not change this view dramatically.
European Central Bank policymaker Pierre Wunsch said in a Reuters interview that “barring major negative surprises, ECB has room for a second rate cut.” Additional quotes A small deviation from the projections would not change this view dramatically. “Subsequent moves should only come once ECB has confidence that inflation is moving towards 2%.” Market reaction As of writing, EUR/USD is losing 0.09% on the day to trade near 1.
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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