ECB's Simkus: The ECB has arrived at neutral level of rates

Dhwani Mehta FXStreet

European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Thursday that “the ECB has arrived at neutral level of rates.”

Additional quotes

Important ECB doesn't commit to one direction or another.

Rates may still have to come down as risk has increased that inflation will be below projections.

Important to take a pause on rates.

I don't reject possibility of another rate cut in 2025.

Inflation may be lower than the target in medium term.

Market reaction

EUR/USD was last seen changing hands at 1.1515, up 0.21% on the day, little affected by these comments.

Euro PRICE Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the New Zealand Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.24%	0.12%	-0.30%	0.00%	0.35%	0.35%	-0.44%
EUR	0.24%		0.38%	-0.10%	0.24%	0.56%	0.59%	-0.17%
GBP	-0.12%	-0.38%		-0.45%	-0.13%	0.18%	0.20%	-0.57%
JPY	0.30%	0.10%	0.45%		0.33%	0.67%	0.63%	-0.10%
CAD	-0.00%	-0.24%	0.13%	-0.33%		0.35%	0.33%	-0.43%
AUD	-0.35%	-0.56%	-0.18%	-0.67%	-0.35%		0.02%	-0.75%
NZD	-0.35%	-0.59%	-0.20%	-0.63%	-0.33%	-0.02%		-0.77%
CHF	0.44%	0.17%	0.57%	0.10%	0.43%	0.75%	0.77%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

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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