- If the June assessment confirms inflation converging towards the target, we could cut rates
- This assumes that there will be no further setbacks, for example in terms of geopolitics and energy prices.
- Future rate decisions will ensure policy remains sufficiently restrictive for as long as necessary
This keeps the ECB on track for a rate cut in June, with next month’s first quarter wage data expected to solidify this outlook.
This article was written by Justin Low at www.forexlive.com.
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