- But should not rush in doing so
- We can cut more if baseline projections hold
- Must be patient with further rate cuts
- There is a risk of underestimating inflation stickiness
More of the same stuff from the ECB today. They are putting out the narrative that they are ready to cut but that will be subject to inflation developments in the months ahead.
This article was written by Justin Low at www.forexlive.com. Source