Weekend – ECB’s Cipollone said recent data flow supportive of dialling back interest rates

ECB board member Piero Cipollone spoke on Sunday, saying he expects inflation to continue to fall in coming months, barring any shocks. And to reach the 2% target in 2025.

On interest rates:

• “Recent data go in that direction and increase our confidence that we will be able to dial back our restrictive monetary policy stance”

Also from the weekend, another June rate cut hint:

• ECB’s Panetta adds to the chorus for a June a rate cut – “general consensus has emerged”

This article was written by Eamonn Sheridan at www.forexlive.com. Source