Pierre Wunsch Discusses Potential Rate Cuts

Pierre Wunsch, a member of the European Central Bank's (ECB) Governing Council and Governor of the National Bank of Belgium (NBB), suggested on Wednesday that four additional interest rate cuts could be a "meaningful scenario" that he would be "relatively comfortable with."

During his appearance at the Reuters' Global Market Forum, Wunsch emphasized that there is no appetite to change the inflation target. He also predicted that the ECB is likely to end up with rates "somewhere around 2%."

Impact on Euro-Dollar Parity

When discussing currencies, Wunsch mentioned that if the euro reaches parity against the dollar, "we wouldn't lose as much in terms of competitiveness."