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ECB’s Lane: We are not pre-committing to a particular rate path

Rates are to stay sufficiently restrictive for as long as neededThere is still high level of uncertaintyPrice pressures are still elevated and is evident in indicators for domestic inflationEconomic activity is recovering

This is mainly a rehash of Lagarde’s remarks from last week. Don’t expect anything different from the ECB until we get to the July meeting.

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

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