- It is also advisable not to pre-commit to any particular rate path
- The deflation process is well underway
- Domestic inflation should come down
- Funding conditions remain limited
- Decision to keep inflation at 2%
Again, all of this just continues to echo the message from his peers and reject their communication from last week's policy decision. EUR/USD remains flat on the day, stuck in a narrow range near 1.0500 – now visible at 1.0490 currently.
This article was written by Justin Low at www.forexlive.com.
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