European Central Bank (ECB) Executive Board member Piero Cipollone, in a scheduled speech on Wednesday, said that the ECB has room to cut interest rate swiftly despite wage rebound.
Additional quotes
A recovery in salaries is needed for Europe’s struggling economy to regain some momentum.
So far from neutral rate that there is room to adjust.
Market reaction
The Euro is unfazed by the above comments, as EUR/USD keeps its range at around 1.0830, as of writing.
