He says that inflation development within the euro space is in line with additional gradual ECB charge cuts. Including that with the projections now assuming two extra charge cuts by year-end, there’s “no purpose now to not comply with by way of” on that.
I’d take that as which means two charge cuts on the minimal. At present, markets are pricing in ~64 bps by year-end with a September charge minimize locked in already.
This text was written by Justin Low at www.forexlive.com.
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