Temporary ups and downs on inflation are inevitable.There was consensus at ECB’s Governing Council.The period of strong inflation is behind us. I want to see inflation around 2%.Markets see another 100 bps of rate cuts.Rates are still relatively high given the economy.Rates are still holding back the economy a little bit.Return to zero rates is only in the case of emergency.I can’t yet gauge the impact of Trump policy on Europe.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
