ECB’s Escriva: It's very unlikely that we will touch rates at the next meeting
By Dhwani Mehta
Date Published: 6 Mar 2026 | Date Modified: 6 Mar 2026
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In an interview with the regional Catalan TV3 television on Friday, European Central Bank (ECB) policymaker Jose Luis Escriva commented on the monetary policy outlook in the face of the ongoing Middle East conflict.
In an interview with the regional Catalan TV3 television on Friday, European Central Bank (ECB) policymaker Jose Luis Escriva commented on the monetary policy outlook in the face of the ongoing Middle East conflict.
Key quotes
With the information I have, I think it's very unlikely that we will touch rates at the next meeting.
We can already take it for granted that there will be effects" from the war.
Our inflation target of 2% is a medium-term horizon, transitory movements should not necessarily lead us to make decisions. Instead, we must monitor the situation and assess to what extent this is having more persistent effects over time.
Market reaction
Despite somewhat hawkish comments from the ECB policymaker, EUR/USD is losing 0.23% on the day to trade at 1.1575, as of writing.
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.26% | 0.26% | 0.19% | 0.02% | 0.17% | 0.48% | 0.14% | |
| EUR | -0.26% | -0.01% | -0.05% | -0.25% | -0.10% | 0.22% | -0.13% | |
| GBP | -0.26% | 0.00% | -0.04% | -0.24% | -0.09% | 0.23% | -0.11% | |
| JPY | -0.19% | 0.05% | 0.04% | -0.18% | -0.03% | 0.26% | -0.07% | |
| CAD | -0.02% | 0.25% | 0.24% | 0.18% | 0.15% | 0.45% | 0.12% | |
| AUD | -0.17% | 0.10% | 0.09% | 0.03% | -0.15% | 0.32% | -0.03% | |
| NZD | -0.48% | -0.22% | -0.23% | -0.26% | -0.45% | -0.32% | -0.34% | |
| CHF | -0.14% | 0.13% | 0.11% | 0.07% | -0.12% | 0.03% | 0.34% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
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