- It would be a mistake to act too soon and have to correct
- The ECB needs to be patient with the first cut
Given that eurozone GDP growth will be around 0.5% this year, I don’t see any risk in cutting too early but they certainly do. The market doesn’t see the first cut until June in any case, so he’s hardly pushing back.
This article was written by Adam Button at www.forexlive.com. Source