European Central Bank (ECB) executive board member Fabio Panetta said on Thursday, “the conditions to start easing monetary policy are materializing.”
Restrictive policy is dampening demand and contributing to a rapid fall in inflation.
The risks to price stability have diminished.
Downbeat German data combined with the dovish remarks are weighing on the Euro, as EUR/USD currently loses 0.42% on the day to trade at 1.0780.
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