ECB’s Kazimir: Gradual, step-by-step approach through 25 bps rate cuts is most prudent strategy

Dhwani Mehta FXStreet

European Central Bank (ECB) policymaker Peter Kazimir said on Monday, “gradual, step-by-step approach through 25 basis points (bps) rate cuts is the most prudent strategy.”

Additional quotes

More aggressive monetary easing would require a dramatic shift in conditions.

Europe’s economic malaise is largely structural, demands solutions beyond the remit of monetary policy.

Market reaction

EUR/USD was last seen trading at 1.0515, up 0.10% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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