- Analytics
- News and Tools
- Market News
- ECB's Panetta: Time for an interest rate cut is fast approaching
ECB's Panetta: Time for an interest rate cut is fast approaching
The European Central Bank (ECB) Governing Council member Fabio Panetta said on Saturday that the moment is fast approaching for the central bank to cut interest rates, and timely and gradual steps could help to reduce ensuing volatility in financial markets and the economy.
Key quotes
"The time for a reversal of the monetary policy stance is fast approaching.”
"We need to consider the pros and cons of cutting interest rates quickly and gradually, as opposed to later and more aggressively, which could increase volatility in financial markets and economic activity.”
"What should be discussed now are the conditions to start monetary easing while avoiding risks to price stability and unnecessary damage to the real economy.”
"Any speculation on the exact timing of monetary easing would be a sterile exercise.”
“Inflation is falling as quickly as it rose.”
“Low demand and high inventories reduce the likelihood of higher transport costs being passed on to prices to a significant extent.”
Market reaction
At the time of writing, the EUR/USD pair is trading high at 1.0798, adding 0.11% 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
