ECB’s Rehn: Time is ripe in June to ease the monetary policy stance
European Central Bank (ECB) policymaker Olli Rehn spoke about the timings of the central bank’s interest rate cut on Monday.
Key quotes
Inflation is converging to our 2% target in a sustained way, and the time is thus ripe in June to ease the monetary policy stance and start cutting rates.
This obviously assumes that the disinflationary trend will continue and there will be no further setbacks in the geopolitical situation and energy prices.
Market reaction
The above comments fail to move the needle around the EUR/USD pair, as it gyrates around 1.0850, at the time of writing.
Euro PRICE Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.02% | -0.03% | -0.06% | -0.03% | -0.15% | -0.26% | 0.05% | |
| EUR | 0.02% | -0.04% | 0.00% | -0.01% | -0.19% | -0.34% | 0.10% | |
| GBP | 0.03% | 0.04% | -0.02% | -0.00% | -0.14% | -0.23% | 0.10% | |
| JPY | 0.06% | 0.00% | 0.02% | -0.01% | -0.10% | -0.13% | 0.07% | |
| CAD | 0.03% | 0.01% | 0.00% | 0.01% | -0.13% | -0.23% | 0.02% | |
| AUD | 0.15% | 0.19% | 0.14% | 0.10% | 0.13% | -0.07% | 0.22% | |
| NZD | 0.26% | 0.34% | 0.23% | 0.13% | 0.23% | 0.07% | 0.30% | |
| CHF | -0.05% | -0.10% | -0.10% | -0.07% | -0.02% | -0.22% | -0.30% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).