- The risk of inflation persists
- Door should always be open to hike if needed
- Dramatic turnaround in economy needed for rate cuts
It looks like a Stournouras vs Kazaks fight today but the reality is that the ECB is several months away from even discussing cutting rates and it’s all about the data until then.
The euro is falling today on the broad USD bid following the Bank of Japan decision.
This article was written by Adam Button at www.forexlive.com. Source