ECB's governing committee is bullish on two interest rate cuts this year and expects rates to possibly fall by another 100 basis points next year.

Ren said, "If you look at the market data, you will find that this means there will be two more interest rate cuts this year, and by the end of this year, the interest rate will be 3.25%." "As long as we can see that the process of deflation is continuing and prices are moving towards our medium-term symmetric target of 2%, there is reason to continue cutting interest rates."

cls.cnJun 26 21:03

ECB's Panetta: ECB Will Pursue Normalization Gradually and Smoothly

European Central Bank (ECB) executive board member Fabio Panetta said on Wednesday that the current economic environment in the Eurozone is consistent with a normalization of the monetary stance, per Reuters.

FXStreetJun 26 18:31

ECB: Lagarde Is Not on the List of Today's Speakers – UBS

There are several ECB speakers on the agenda today. One speaker, Rehn, has already suggested that two further rate cuts are a reasonable estimate for ECB action this year, Chief Economist at UBS Global Wealth management Paul Donoban notes.

FXStreetJun 26 17:29

Ifo: German Companies Less Willing to Hire New Staff in June Amid Lack of Orders

German companies became less willing to hire new employees in June due to a lack of orders, with only service providers planning workforce expansions, the ifo Institute said Wednesday.

MT NewswiresJun 26 15:54

French Household Confidence Declines in June

France's household confidence indicator fell to 89 in June from 90 points in May, according to data from the national statistics agency Insee published Wednesday.

MT NewswiresJun 26 15:10

Express News | European Central Bank committee member Lane: It is reasonable to expect two more interest rate cuts this year.

BreakingsJun 26 12:13