- Analytics
- News and Tools
- Market News
- ECB's Lane: Central bank nominates June 'key data' for rate cuts
ECB's Lane: Central bank nominates June 'key data' for rate cuts
The European Central Bank (ECB) chief economist Philip Lane said in an interview on Saturday that the central bank will have key data by June to decide on the first of a likely series of interest rate cuts, but going too fast may prove self-defeating, per Reuters.
Key quotes
"By our June meeting, we will have those important data"
"But let me emphasise, we do have other data that we will be looking at every week.”
"A false dawn, too rapid a recalibration, can be self-defeating.”
Market reaction
The EUR/USD pair is trading lower at 1.0947, down 0.04% on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
