ECB’s Moulin: Central Bank in ‘Good Position’ Amid Easing Inflation, Declines July Guidance
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
- ECB’s Moulin: Bank in “good position” after June hike.
- Cites easing inflation, falling oil prices.
- Refused July forward guidance; no immediate Euro impact.
European Central Bank Governing Council member Emmanuel Moulin stated on Saturday that the central bank is in a “good position” following its June interest-rate hike. Moulin attributed this to easing inflation, partly due to a slump in oil prices, and noted a link between de-escalation events and the ECB’s rate path. These remarks reinforce a perception among some market participants that the tightening cycle may be nearing its peak, potentially reducing expectations for further rate increases. However, Moulin explicitly declined to provide any forward guidance for the July policy meeting, emphasizing a meeting-by-meeting approach and leaving room for differing views among Council members regarding future policy. The Euro showed no significant immediate market reaction to these comments.