ECB's Makhlouf: The course of journey on rates of interest is evident

• The tempo and variety of additional charge cuts will rely upon inflation developments

I wish to say that his feedback are a bit incomplete for now because the ECB has clearly put extra emphasis on the economic system of their final two charge cuts, versus the inflation story. However they are often comfortable that the disinflation trajectory remains to be largely intact I suppose, even with a few bumps seen.

This text was written by Justin Low at www.ubaidahsan.com.



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