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