ECB’s Panetta: The conditions to start easing monetary policy are materializing

Dhwani Mehta FXStreet

European Central Bank (ECB) executive board member Fabio Panetta said on Thursday, “the conditions to start easing monetary policy are materializing.”

Additional quotes

Restrictive policy is dampening demand and contributing to a rapid fall in inflation.

The risks to price stability have diminished.

Market reaction

Downbeat German data combined with the dovish remarks are weighing on the Euro, as EUR/USD currently loses 0.42% on the day to trade at 1.0780.

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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