ECB’s Kazimir: Gradual, step-by-step approach through 25 bps rate cuts is most prudent strategy

European Central Bank (ECB) policymaker Peter Kazimir said on Monday, “gradual, step-by-step approach through 25 basis points (bps) rate cuts is the most prudent strategy.”

Additional quotes

More aggressive monetary easing would require a dramatic shift in conditions.

Europe’s economic malaise is largely structural, demands solutions beyond the remit of monetary policy.

Market reaction

EUR/USD was last seen trading at 1.0515, up 0.10% on the day.