ECB’s Lagarde: ‘We are not there yet’ on rate cuts, need more data

• We need to be further into the disinflationary process before cutting rates
• The next move will be a cut
• Wage data is critically important

There has been a dovish turn from the ECB this week, including Nagel today. It’s bizarre that they’re waiting on wage data, which is the most-lagging data point.

This article was written by Adam Button at www.forexlive.com. Source