- We are moving in the right direction in reducing inflation, price trend is good
- Our aim is to bring inflation to our 2% target
- It would be a risk to embark on rate cuts too early or too late
- The amount of interest rate cuts will depend on how we achieve towards our price goal. We will see how far we go
There’s nothing new here. The euro is getting beaten up today but that’s all due to USD strength.
This article was written by Adam Button at www.forexlive.com. Source