- The decision to lower rates was logical
- The tendency is there that inflation is going down
- We’re not on autopilot, will look at the data and decide anew at every meeting
The narrative that the ECB is trying to sell now is “we are right to cut rates in June” and “we are also right to then wait and see what to do after”. Central bankers. Pfft.
This article was written by Justin Low at www.forexlive.com.
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