- Monetary easing can be expected over the coming months if data confirms our forecasts
- Must avoid policy becoming too restrictive
- That could push inflation below the ECB’s symmetrical target
- Inflation is expected to ease further in the next few quarters
- ECB will take into account Fed policy, but not be bound by it
As you’d expect from the ECB for this moment. But I reckon we can see almost similar remarks after the rate cut next week as well.
This article was written by Justin Low at www.forexlive.com. Source