ECB’s Panetta: Inflation data today is neither good nor bad

He says that the numbers are in line with their forecast still. Well, it is pretty much a case of anything to just get over the line with next week’s rate cut. Then, we’ll see how things play out and their appetite to go any further.

In terms of rates pricing, not much has changed. Traders are still seeing ~56 bps of rate cuts for the year. It was ~57 bps before we got to the CPI report earlier.

This article was written by Justin Low at Source