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ECB’s de Guindos: Best time to make rate decisions is together with updated projections

The projections are updated every three monthsWe’ll have new ones in SeptemberThose are the most significant and interesting moments from the point of view of monetary policyThey are a very important indicator when it comes to deciding on rates

Once again, this continues to effectively rule out a chance of a move in July. That said, markets have also settled on that i.e. no rate cut in July, for a while now already.

This article was written by Justin Low at www.forexlive.com.

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