ECB’s Vujčić says should not rush start of rate cutting cycle

  • Important for ECB’s credibility to be right with rate cuts
  • Still quite a lot of resilience in services inflation and wages
  • The equilibrium level of interest rates are likely to be higher than it was some years ago

This is consistent with the main message they are trying to sell now i.e. preaching patience.

This article was written by Justin Low at Source