The European Central Bank moved towards a symmetric inflation target of 2%, despite the ceiling at that level. This is a pigeon shift, but the markets fully anticipated it. The Frankfurt institution emphasized that interest rates remain the main instrument of monetary policy and that the next review should be carried out in 2025.
EUR / USD fell from 1.1844 to 1.1835, a slight fall from the highs.
— not all
EUR / USD was trying to recover ahead of the publication, returning to the 1.18 level and advancing to 1.1850.
See ECB Strategic Outlook Preview: Three Potential EUR / USD Drivers to Look Out for