European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Monday that the central bank still has “a margin for rate cuts in Europe.”
Additional comments
- We are in a moment of great economic uncertainty.
- But does not see any extra inflation in the region.
- Does not anticipate a recession in France, Europe.
- Trump’s policies, US protectionism are not working.
Market reaction
EUR/USD remains unfazed by these comments, adding 0.10% on the day to trade near 1.1375, as of writing.
