Flash: EUR/USD - ECB/Jackson Hole sees less need to cut rates - Danske Bank

FXstreet.com (Barcelona) - Danske Bank analysts note that in an interview with Bloomberg at the annual Jackson Hole conference for central bankers, ECB member Nowotny last night said that the recent stream of good news from the euro area has removed any need to cut interest rates.

Key Quotes

“At the same time, he ruled out an early monetary tightening.”

“However, it might be difficult for the ECB to talk down money market rates using ‘forward guidance’ when some ECB members already at this stage remove the possibility of a rate cut.”