European Central Bank (ECB) policymaker Peter Kazimir said on Monday, “gradual, step-by-step approach through 25 basis points (bps) rate cuts is the most prudent strategy.”
Additional quotes
More aggressive monetary easing would require a dramatic shift in conditions.
Europe’s economic malaise is largely structural, demands solutions beyond the remit of monetary policy.
Market reaction
EUR/USD was last seen trading at 1.0515, up 0.10% on the day.