Some ECB hawks argued that committing to June rate hike too early was a mistake

Cutter remorse.

Despite the cut in rates today by 25 basis points:

• Some ECB hawks argued that committing to June rate cut too early was mistake
• A few ECB hawks said they might have supported holding rates if there had not been a commitment.

I guess they were concerned about the market reaction, but hours later they don’t worry about the reaction? SMH.

It’s official. The cut was a hawkish cut.

This article was written by Greg Michalowski at www.forexlive.com.