ECB’s Wunsch: Barring major negative surprises, ECB has room for second rate cut

European Central Bank (ECB) policymaker Pierre Wunsch said in a Reuters interview that “barring major negative surprises, ECB has room for a second rate cut.” Additional quotes “A small deviation from the projections would not change this view dramatically.” “Subsequent moves should only come once ECB has confidence that inflation is moving towards 2%.” Market reaction As of writing, EUR/USD is losing 0.09% on the day to trade near 1.0730, awaiting the Eurozone preliminary inflation readings for a fresh