ECB's Centeno: We can expect rate cycle has been completed by now

Eren Sengezer FXStreet

European Central Bank (ECB) Governing Council member Mario Centeno said on Wednesday that the inflation in the Euro area was falling faster than when it was rising, per Reuters.

"We can expect that the rate cycle has been completed by now, and with present conditions," Centeno added.

Market reaction

These comments don't seem to be having a noticeable impact on the Euro's performance against its rivals. As of writing, EUR/USD pair was trading at 1.0505, where it was up 0.38% on a daily basis.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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