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ECB’s Centeno: The message is one of confidence in the disinflation process

  • But we are also maintaining some prudence
  • Our forecasts point to no inflation slowdown in June through to August
  • We are sensitive to some hiccups in the disinflation process

The point on June to August being no slowdown in price pressures is in other words a mask that they will stay on hold until September at the earliest. Once again, this effectively rules out a move in July.

This article was written by Justin Low at www.forexlive.com.

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