ECBs Nagel is on the wires saying:
- Probably have to wait on the next move until September (HMMMM)
- The wage uptake was not a surprise.
- Core and headline inflation are both decelerating after June.
Most ECBs members are looking for a June cut but are cautious about projecting additional cuts going forward.
This article was written by Greg Michalowski at www.forexlive.com.
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