It’s important that we wouldn’t promise too much in advance.It’s true that at least one more cut is expected by the market but I personally wouldn’t comment. There are still fluctuations on inflation. Wage growth is not in line with the 2% target.It’s realistic that in next 12 months inflation will keep to decelerate.The Eurozone economy should recover in coming quarters although the outlook deteriorated slightly.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
