The European Central Bank’s (ECB) monetary policy is working and it’s helping them bring inflation down, ECB Governing Council member Mario Centeno said on Thursday, pre Reuters.
“We are at a plateau in terms of interest rates,” Centeno added.
Earlier in the day, “we are not there yet” ECB Vice President Luis de Guindos said when asked about reducing interest rates.
Market reaction
These comments don’t seem to be having a noticeable impact on the Euro’s performance against its major rivals. As of writing, the EUR/USD pair was virtually unchanged on the day at 1.0705.
Source: https://www.fxstreet.com/news/ecbs-centeno-monetary-policy-is-working-helping-inflation-to-come-down-202311091401