- Don't see continued economic stagnation, inflation going down
- A 50 bps move would require projections showing continued undershooting of inflation
- Don't see a situation where rates would have to drop below neutral
- The weakness of the euro does not create inflationary pressures
The message has been consistent from the ECB since last week. So, this just adds to that.
This article was written by Justin Low at www.forexlive.com.
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