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ECB's Centeno: Level of interest rates in Euro area remains restrictive

European Central Bank (ECB) policymaker Mario Centeno noted on Friday that the ECB's decision to lower key rates by 25 basis points (bps) was "absolutely consensual," per Reuters.

Centeno noted that 'gradualism' will be the most important word for policymaking moving forward, adding that the level of interest rates in the Euro area remains restrictive. "In a few quarters, we will have normalization of the policy with interest rate close to 2% if there are no other shocks," he said.

Market reaction

EUR/USD showed no immediate reaction to these comments and was last seen trading at 1.0495, where it was up 0.25% on the day.

Gold price falls below $2,700 again – Commerzbank

The Gold price reached its highest level since the US presidential election five weeks ago at $2,725 per troy ounce yesterday, but then fell back below the $2,700 mark, Commerzbank’s commodity analyst Carsten Fritsch notes.
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US Dollar falls flat, possible sixth straight trading day with gains

The US Dollar (USD) extends its winning streak on Friday, with the DXY Index trading above 107.00 for the first time in more than two weeks, driven by signs of lingering inflation pressures in the US and prospects of further monetary policy easing in two of the US main trading partners: China and the Eurozone.
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