- A spring rate cut remains probable
- We remain vigilant on the inflation front but victory is within sight
- We are winning the battle against inflation
As they tee up the first rate cut in the next few months, they have to start sounding a little more confident. And Villeroy is certainly showing that with his remarks above. As at time of writing, a June move is ~94% priced in.
This article was written by Justin Low at www.forexlive.com. Source