11:46:11 28-03-2024
ECB’s Panetta: The conditions to start easing monetary policy are materializing
European Central Bank (ECB) executive board member Fabio Panetta said on Thursday, “the conditions to start easing monetary policy are materializing.”
Additional quotes
Restrictive policy is dampening demand and contributing to a rapid fall in inflation.
The risks to price stability have diminished.
Market reaction
Downbeat German data combined with the dovish remarks are weighing on the Euro, as EUR/USD currently loses 0.42% on the day to trade at 1.0780.