Forex
globalreutersApril 24, 20241 Mins read
ECB’s Nagel: June rate cut not necessarily followed up by a series of rate cuts
globalreutersApril 24, 20241 Mins read - Services inflation remains high, driven by continued strong wage growth
- Not fully convinced that inflation will actually return to target in a timely, sustained manner
- Given the uncertainty, we cannot pre-commit to a particular rate path
The PMI data this week does help in that argument at least. But for now, one in June is very much a done deal.
This article was written by Justin Low at www.forexlive.com.
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