ECB's Panetta: Growing consensus within policymakers on possible rate cut
|European Central Bank (ECB) executive board member Fabio Panetta said on Monday that the inflation in the Euro area was quickly declining toward the 2% target and added that the inflation trend was making a rate cut possible, per Reuters.
"The consensus emerging - especially in recent weeks - within the ECB governing council points in this direction," Panetta added.
Market reaction
These comments failed to trigger a noticeable market reaction. At the time of press, the EUR/USD was trading marginally higher on the day at 1.0820.
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