ECB’s Lane: It is prudent to maintain meeting-by-meeting approach

• Also prudent not to pre-commit to any particular rate path
• Disinflation process is well on track
• Domestic inflation should come down
• Financing conditions remain restrictive
• Determined to ensure that inflation stabilises at 2%

Once again, all of this just continues to echo the message from his peers and rebuffs their communique from last week’s policy decision. EUR/USD remains flat on the day, stuck in a narrow range close to 1.0500 – now seen at 1.0490 currently.

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