ECB sees rate cut as primary tool for any potential further stimulus - Bloomberg
|Citing three officials with direct knowledge of the talks, Bloomberg reported that the European Central Bank saw rate cuts as the primary tool for any new stimulus in case they need to boost inflation.
Officials further noted that although the timing of a rate cut was not yet clear, a Fed rate cut could cause them to consider that option if it threatens to boost the shared currency.
The EUR/USD pair, which suffered heavy losses amid President Draghi's dovish comments today, was last seen trading at 1.1195, losing 0.2% on a daily basis.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.