The European Central Bank (ECB) cannot afford to ignore the economic dangers connected to an extended period of high interest rates, according to Governing Council member Francois Villeroy de Galhau. Villeroy, on the other hand, says that the ECB ought to start cutting rates during one of its next meetings.Dual …
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“We’ve seen positive inflation data and a concurrent rise in long-term rates. Although it might be deemed excessive, it aids in tightening financial conditions for the European economy, according to ECB policymaker Francois Villeroy de Galhau, who made the statement on Thursday.Villeroy continued, “So today, I don’t think an additional …
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The EUR/USD pair holds lower ground near 1.1415 during a quiet Asian session opening on Wednesday, after stepping back from a three-month high in the last two days.The pair’s latest weakness could be linked to the higher US Treasury yields and downbeat comments from the European Central Bank (ECB) policymakers.The …
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