He adds that “if things go as expected, there should be no danger in cutting rates next year”. Not surprising to see them put up a united front just a day after the decision. From earlier:
- ECB’s Muller: Temporary ups and downs on inflation are inevitable
- ECB’s Villeroy: More rate cuts are to come
- ECB’s Kazaks: A significant reduction in rates is still necessary
- ECB’s Escrivá: It is logical to have further rate cuts in upcoming meetings
This article was written by Justin Low at www.forexlive.com.
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