ECBs Wunsch: The markets pricing on rate cuts reasonable

ECBs Wunsch is on the newswires and says:

  • The first two breakouts are relatively easy
  • The markets pricing on rate path is reasonable
  • The ECB would need convincing to cut more than twice this year.
  • A July cut is an option in theory, but in practice ECB must be cautious
  • ECB won’t solve fiscal problems with the use of Transmission Protection Instrument

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