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European Central Financial institution (ECB) Governing Council member Yannis Stournaras mentioned on Thursday that “commerce tariffs are more likely to provoke a response. And a 25 foundation factors (bps) price minimize in December is the proper response.”
Further quotes
We must always minimize each assembly till charges attain 2%.
The impartial price on common is about 2%.
It is too quickly to say if ECB must go beneath impartial.
Market response
On the time of writing, EUR/USD is testing intraday lows at 1.0515, down 0.25% on the day.
