European Central Bank Governor Rehn: The pace of interest rate cuts is still uncertain. Interest rates may reach neutral levels in the first half of next year.
Olli Rehn, member of the European Central Bank Governing Council and Governor of the Bank of Finland, stated on Tuesday that the European Central Bank will further cut interest rates, with the deposit rate possibly reaching the so-called neutral level in the first half of next year.
After the US election, the euro bearish sentiment is high, with many institutions predicting it will fall to parity with the US dollar.
After the announcement of the results of the election in the usa, currency strategists quickly adjusted their forecast for the euro.
European Central Bank official: Inflation is on the right track, expected to cut interest rates in December, but caution should still be exercised in the future.
1. Bank of Finland Governor Olli Rehn stated that the European Central Bank may cut interest rates in December and is also likely to further reduce rates, but policymakers should still remain cautious and proceed step by step; 2. Rehn said that the inflation level in the eurozone is smoothly decreasing, and the economic growth prospects appear to be weakening, which reinforces the reason for the December rate cut.
Latest major forecast from the forex analyst: Euro to fall to parity with the US dollar!
The threat of US tariffs, political turmoil in Germany, the euro may fall into the "worst-case scenario".
Express News | European Central Bank's Rehn: December may cut interest rates and there is a possibility of further action afterwards.
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