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The European Central Bank is not on autopilot regarding interest rate cuts – Joachim Nagel

He head of monetary policy at the European Central Bank (ECB) and president of the Bundesbank, Joachim NagelHe said on Friday that “the ECB is not on autopilot when it comes to interest rate cuts.”

Featured Statements

The decision to lower rates was logical.

The trend is there, inflation is falling.

Inflation is proving to be persistent, especially in the case of services.

Negotiated wages are expected to rise particularly sharply this year and continue to see strong growth thereafter.

Private consumption will gradually recover and exports will improve starting in the second half.

The new EU Commission is expected to implement the stability and growth pact.”

PRICE of the Euro today

The following table shows the percentage change of the Euro (EUR) against the main currencies listed today. The Euro was the strongest currency against the New Zealand Dollar.

USD -0.04% -0.05% -0.14% -0.01% -0.13% -0.00% -0.02%
EUR 0.04% 0.00% -0.12% 0.03% -0.08% 0.10% 0.02%
GBP 0.05% -0.00% -0.12% 0.02% -0.09% 0.09% 0.00%
JPY 0.14% 0.12% 0.12% 0.14% 0.01% 0.16% 0.14%
CAD 0.01% -0.03% -0.02% -0.14% -0.12% 0.07% -0.01%
AUD 0.13% 0.08% 0.09% -0.01% 0.12% 0.18% 0.10%
NZD 0.00% -0.10% -0.09% -0.16% -0.07% -0.18% -0.07%
CHF 0.02% -0.02% -0.01% -0.14% 0.01% -0.10% 0.07%

The heat map shows the percentage changes of the major currencies against each other. The base currency is chosen from the left column, while the quote currency is chosen from the top row. For example, if you choose the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change shown in the box will represent EUR (base)/USD (quote).

Source: Fx Street

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