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ECB’s Vujčić: Market expectation for three more rate cuts this year is not unreasonable

  • ECB could remove reference to “restrictive policy” in March
  • Recent FX movements are not something we need to be worried about

He adds that the rate cuts will be predicated on a quick fall in services inflation in the coming months though. But all in all, it reaffirms the next rate cut for March as well as the current market path laid out.

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

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