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ECB’s Moulin: Central bank is in a “good position” after raising interest rates in June
European Central Bank (ECB) Governing Council member Emmanuel Moulin said at the Rencontres Economiques conference in Aix-en-Provence on Saturday that the central bank is in a “good position” after raising interest rates in its June policy meeting, with inflation easing alongside the slump in oil prices, Bloomberg reported.
ECB’s Moulin denied providing any guidance regarding the likely monetary policy decision by the central bank in July. “We are not doing forward guidance, so I won’t say what we will do in July,” he said.
Market reaction
No serious impact is spotted in the Euro (EUR) in the Asian session on Monday, following weekend remarks from ECB’s Moulin. At press time, EUR/USD trades subduedly near 1.1433.
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