Yannis Stournaras, a policymaker for the European Central Bank (ECB), stated on Friday that "the rate cutting is nearly done."
Other lessons learned
The ECB made a gentle landing.
The ECB would be better off waiting and seeing.
You can never declare something finished when there is uncertainty.
If the economy deteriorates and inflation declines, the ECB may make cuts.
There are risks associated with expansion.
The ECB has a lot of faith in its projections.
Reaction of the market
The EUR/USD exchange rate is now down 0.15% for the day at 1.1425.
Other lessons learned
The ECB made a gentle landing.
The ECB would be better off waiting and seeing.
You can never declare something finished when there is uncertainty.
If the economy deteriorates and inflation declines, the ECB may make cuts.
There are risks associated with expansion.
The ECB has a lot of faith in its projections.
Reaction of the market
The EUR/USD exchange rate is now down 0.15% for the day at 1.1425.
