The legislator of the European Central Bank (ECB) and Governor of the Central Bank of Ireland, Gabriel MakhloufHe said he does not see the need to cut interest rates at this time.
Featured statements:
I do not see a rate cut from the ECB at the moment.
But certainly is an option if necessary.
Uncertainty remains high.
I am cautiously optimistic about the economic outlook.
We continue keeping a close eye on the strength of the euro.
EUR / USD remains around 1.2100
The EUR/USD it maintains its range just above the 1.2100 level, unfazed by previous comments, as the market mood of risk aversion overshadows the optimistic German GDP figures.
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