- Trade war would mostly impact economic growth
- Disinflation process is continuing, goal to be reached in the coming months
- Trade war impact on inflation would be offset over the medium-term amid lower growth
It might be a stretch, but the headline remark could be teasing a pause. At the same time though, he’s talking up the progress on disinflation. So, it sort of balances out. Traders are pricing in ~80% odds of a rate cut in April but we’ll see how much pushback does the ECB want to go with after 2 April.
This article was written by Justin Low at www.forexlive.com.