ECB’s Makhlouf: We are near the bottom of the easing cycle

Forex Short News
  • We’re not
    on a predetermined path
  • I’m pleased
    with where we are
  • There’s
    still so much uncertainty
  • It would be
    a bit of a mistake to say we know exactly where we’re going to be

He’s not
saying anything new here, but given that he said “we are near the bottom”
suggests he’s still open for a rate cut. That puts him into the
neutral/dovish camp, which is anyway in the very minority at the moment.

This article was written by Giuseppe Dellamotta at investinglive.com.