European Central Bank: We have started the debate on reducing the restrictive dimension of monetary policy – ​​Olli Rehn

The head of economic policy at the European Central Bank (ECB), Olli Rehnspoke on Friday about the central bank's interest rate outlook.

Featured Statements

The debate began on reducing the restrictive dimension of monetary policy.

The conversation is about when it is appropriate to start cutting interest rates.

If inflation continues to fall, we can slowly begin to take our foot off the brake pedal on monetary policy..

Market reaction

He EUR/USD keeps its gradual advance intact, despite the dovish comments, gaining 0.13% on the day and currently trading at 1.0895.

Euro price this week

The following table shows the percentage change of the Euro (EUR) against the main currencies quoted this week. The EUR was the weakest currency against the US Dollar.

USD EUR GBP CAD AUD JPY NZD CHF
USD 0.45% 0.82% 0.35% 0.91% 1.32% 1.36% 0.64%
EUR -0.45% 0.38% -0.11% 0.46% 0.86% 0.91% 0.21%
GBP -0.83% -0.38% -0.48% 0.09% 0.50% 0.54% -0.18%
CAD -0.33% 0.10% 0.48% 0.57% 0.97% 1.00% 0.30%
AUD -0.91% -0.46% -0.09% -0.56% 0.42% 0.46% -0.27%
JPY -1.30% -0.86% -0.25% -0.96% -0.39% 0.06% -0.67%
NZD -1.36% -0.90% -0.54% -1.03% -0.45% -0.04% -0.71%
CHF -0.64% -0.20% 0.19% -0.29% 0.27% 0.66% 0.71%

The heat map shows the percentage changes of the major currencies against each other. The base currency is chosen in the left column, while the quote currency is chosen in the top row. For example, if you choose the euro in the left column and scroll down the horizontal line to the Japanese yen, the percentage change in the box will represent EUR (base)/JPY (quote).

Source: Fx Street

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