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Rehn from the European Central Bank has stated that the direction of monetary policy is clear.

Our monetary policy stance is becoming less restrictivePolicy direction is clear as rate cuts have already begunPace and scale of rate cuts will be decided meeting by meetingSees inflation stabilising at 2% target during 2025 This article was written by Justin Low at www.forexlive.com.

October 2, 2024

18

Monetary policy is becoming less restrictive
Rate cuts have already started
Rate cuts will be decided meeting by meeting
Inflation expected to stabilize at 2% by 2025

ECB may confirm rate cut expectations later this month. EUR/USD down 0.2% to 1.1109. Keep an eye on large option expiries at the 1.1100 level.

Viaurl

SourceForexlive

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