European Central Bank (ECB) policymaker Peter Kazimir commented on Monday, stating that a gradual, step-by-step approach of 25 basis point rate cuts is the most prudent strategy.
Additional Quotes
- A more aggressive monetary easing would require significant shifts in economic conditions.
- Europe’s economic challenges are largely structural, requiring solutions beyond the scope of monetary policy.
Market Reaction
EUR/USD was last seen trading at 1.0515, up 0.10% on the day.