Yesterday, ECB (European Central Bank) held its council meeting minutes. Some of its members mentioned that their rate cut cycle came to an end in October, unless the presence of new risks emerging, their stance on interest rates levels would be maintained.
One concern for the Eurozone is whether this view will sustain economic growth for the European Union, or if fine tuning of further rate decisions could be needed, to strengthen economic productivity. The comments did confirm though that EUR is holding strong against other currency pairs, like GBP and USD, whose central bank’s monetary view is very different and require further rate cuts.
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