The European Central Bank is unlikely to cut its policy rate as it sees limited benefits from reduced rates, Reuters reported on Friday, citing sources familiar with discussions. The ECB is focusing on financing conditions, including bond prices and lending rates in policy discussion, much less on the exchange rate, sources further noted. “Even if you see a much bigger appreciation, I would not infer that the unique answer to that is the interest rate,” one of the policymakers told Reuters. Market reaction The EUR/USD pair edged higher on this headline and was last seen gaining 0.05% on the day at 1.2126. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD tumbles to daily lows near 0.7630 FX Street 1 year The European Central Bank is unlikely to cut its policy rate as it sees limited benefits from reduced rates, Reuters reported on Friday, citing sources familiar with discussions. The ECB is focusing on financing conditions, including bond prices and lending rates in policy discussion, much less on the exchange rate, sources further noted. "Even if you see a much bigger appreciation, I would not infer that the unique answer to that is the interest rate," one of the policymakers told Reuters. Market reaction The EUR/USD pair edged higher on this headline and was last seen gaining 0.05% on the day at 1.2126. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
