Lagarde Q&A: A few members felt sufficiently confident to cut rates

• In April, we get some data and in June we will have a lot more data and information, we will also have new projections
• We will be looking at data and whether it confirms our hope that inflation is on the path to our forecasts
• A few members felt sufficiently confident to cut rates
• A very large majority wanted more data
• We are data dependent, not Fed dependent
• The size of our balance sheet has reduced quite a bit already

This article was written by Adam Button at www.forexlive.com.