- Interest rates are currently appropriate to get inflation to 2% in H2 2025 but door on rate hikes can’t be closed
- Talks on mandatory higher reserve requirements for banks are appropriate
- Italian spreads no unwarrated and not worrisome
It’s a clear wait-and-see stance for the ECB and that’s no surprise for the market.
This article was written by Adam Button at www.forexlive.com. Source