European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau on Thursday argued that economic conditions in Germany warrant fiscal spending. Regarding the policy outlook, “It’s reasonable to expect that short term rates are close to bottoming out,” Villeroy said. “Raising rates would be a mistake, low short-term rates must stay in place.” On the other hand, “the German economy is not really in the danger zone,” noted German Finance Minister Olaf Scholz. Earlier in the day, the data published by Germany’s Destatis revealed that the Gross Domestic Product (GDP) expanded 1% on a yearly basis in third-quarter (preliminary) to beat the market expectation for 0%. In the meantime, the EUR/USD pair is trading at fresh monthly lows near 1.0990, losing 0.12% on a daily basis. 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 Germany: No technical recession – TDS FX Street 3 years European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau on Thursday argued that economic conditions in Germany warrant fiscal spending. Regarding the policy outlook, "It's reasonable to expect that short term rates are close to bottoming out," Villeroy said. "Raising rates would be a mistake, low short-term rates must stay in place." On the other hand, "the German economy is not really in the danger zone," noted German Finance Minister Olaf Scholz. Earlier in the day, the data published by Germany's Destatis revealed that the Gross Domestic Product (GDP) expanded 1% on a yearly basis in third-quarter (preliminary)… 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.
