ECBs Schnabel is speaking and she says:
services inflation is showing that the last mile inflation fight is especially difficultSome data was not quite in line with projections.The ECB is not on a predetermined path. A first cut does not imply a series of cuts.Freight costs, protectionism could drive inflation.Pace and extent of ECB rate cuts will depend on the dataClosely watching sticky services prices
This article was written by Greg Michalowski at www.forexlive.com.
