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24 May 2024

ECB’s Schnabel: A June rate cut is likely

Reuters reported comments delivered by European Central Bank (ECB) policymaker Isabel Schnabel during an interview conducted on May 16.

Key quotes

A June rate cut is likely.

The decision won't be made until the day the Governing Council meets.

If data gives us confidence that price target can be met sustainably, a June rate cut will be likely.

Some elements of inflation are proving persistent, services in particular.

Would caution against moving too quickly on rate cuts.

May 24, 2024

Silver price today: Silver rises, according to FXStreet data

Silver prices (XAG/USD) rose on Friday, according to FXStreet data.

EUR/USD rises above 1.0800 as US Dollar edges down

EUR/USD seems well-supported near the round-level support of 1.0800 in Friday’s European session.