ECB’s de Guindos: Best time to make rate decisions is together with updated projections

• The projections are updated every three months
• We’ll have new ones in September
• Those are the most significant and interesting moments from the point of view of monetary policy
• They are a very important indicator when it comes to deciding on rates

Once again, this continues to effectively rule out a chance of a move in July. That said, markets have also settled on that i.e. no rate cut in July, for a while now already.

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