ECBs Stournaras:
A 25 basis point cut by the ECB by the end of the year is reasonableTrump tariffs could lead to recession in the medium-term
In other ECB commentary, ECBs Lane is also talking and says:
if policymakers had had perfect foresight about the shocks that were about to hitthe economy, interest rates would have been raised earlier and more sharply
I guess he speaks about the rate rise period after Covid – not current policy path.
This article was written by Greg Michalowski at www.forexlive.com.
