European Central Bank (ECB) Monitins Kazaks monetary policy said Wednesday: “It is quite likely that keeping 2% inflation requires some additional cuts for fine adjustment.”
Additional quotes
The market assessment of a cut is more or less is not outside the scope of the basics.
Fine adjustment cuts will depend a lot on how the economy develops.
At some point, although not for now, it enters into accommodation territory.
We must be cautious about the possible persistence of the lower results.
We need to take care of those risks of a deviation too persistent or large of the objective.
Until now, it seems that the deflationary effect of commercial tensions could master, but the final result is open.
June cut to ensure that inflation in 2026 eventually takes a turn and begins to return to 2%.
Market reaction
At the time of writing, the EUR/USD remains stable in 1,1428, waiting for the US consumer price index (CPI) to obtain a new commercial impulse.
Euro price today
The lower table shows the percentage of euro change (EUR) compared to the main currencies today. Euro was the weakest currency against the Swiss Franco.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.06% | 0.08% | 0.13% | 0.05% | 0.16% | 0.37% | -0.10% | |
| EUR | 0.06% | 0.13% | 0.17% | 0.09% | 0.20% | 0.37% | -0.05% | |
| GBP | -0.08% | -0.13% | 0.04% | -0.01% | 0.09% | 0.25% | -0.19% | |
| JPY | -0.13% | -0.17% | -0.04% | -0.16% | 0.05% | 0.23% | -0.25% | |
| CAD | -0.05% | -0.09% | 0.00% | 0.16% | 0.14% | 0.28% | -0.17% | |
| Aud | -0.16% | -0.20% | -0.09% | -0.05% | -0.14% | 0.17% | -0.26% | |
| NZD | -0.37% | -0.37% | -0.25% | -0.23% | -0.28% | -0.17% | -0.44% | |
| CHF | 0.10% | 0.05% | 0.19% | 0.25% | 0.17% | 0.26% | 0.44% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the euro of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the EUR (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
