Commenting on the European Central Bank (ECB) signal of additional stimulus in December, the legislator and governor of the Austrian National Bank, Robert Holzmann, said the final decision will be based on December data.
Additional comments:
“It is correct to assume that Lagarde signaled that more stimulus would come.”
“We see little effectiveness in any interest rate cut”.
Market reaction
EUR / USD was last seen trading at 1.1676, almost unchanged on the day or after previous comments.
.
Credits: Forex Street
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
