European Central Bank (ECB) policymaker Martins Kazaks said on Friday that “any further rate cuts should be gradual.” Additional quotes Victory over inflation is not yet on hand.
European Central Bank policymaker MartinsKazakssaid on Friday that “any further rate cuts should be gradual.” Additional quotes Victory over inflation is not yet on hand. The next steps are data-dependent and will be meeting by meeting. Meanwhile, his colleague Madis Muller said that the ECB needs to make cautious decisions,” adding that “the ECB shouldn't rush to cut interest rates.” Market reaction EUR/USD is little affected by these above comments, holding its range close to 1.
Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. What is Quantitative Easing and how does it affect the Euro? In extreme situations, the European Central Bank can enact a policy tool called Quantitative Easing. QE is the process by which the ECB prints Euros and uses them to buy assets – usually government or corporate bonds – from banks and other financial institutions.
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