European Central Bank (ECB) Executive Board member Piero Cipollone said on Monday, “the inflation target may be reached sooner than the last projections indicated.”
Additional quotes
Key elements strengthen the case for further rate cuts.
Current conditions make further policy easing conceivable.
Market reaction
At the time of writing, the EUR/USD pair is up 0.23% on the day, trading near 1.0840.
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