European Central Bank (ECB) policymaker Madis Muller said on Tuesday that “we're closer to a point where ECB can start cutting rates.” Additional quotes Data may confirm inflation trend for ECB’s June meeting.
European Central Bank policymaker Madis Muller said on Tuesday that “we're closer to a point where ECB can start cutting rates.” Additional quotes Data may confirm inflation trend for ECB’s June meeting. The ECB’s financial-market footprint is decreasing step by step. Market reaction At the time of writing,EUR/USDis keeping its range at around 1.0850, up 0.18% on the day.
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. QE usually results in a weaker Euro. QE is a last resort when simply lowering interest rates is unlikely to achieve the objective of price stability.
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