European Central Bank (ECB) executive board member Piero Cipollone said on Thursday, “rate cuts are coherent with declining inflation picture.”
Additional quotes
Inflation is almost reaching the target.
Economic fundamentals not significantly different from December projections.
No recession seen, soft landing is still the main scenario.
US tariffs on China could force Beijing to dump goods on Europe.
That could weigh on growth, inflation.
Market reaction
EUR/USD was last seen trading at 1.0386, down 0.15% on the day.
Read the full article here