ECBs Wunsch is on the newswires and says:
The first two breakouts are relatively easyThe markets pricing on rate path is reasonableThe ECB would need convincing to cut more than twice this year.A July cut is an option in theory, but in practice ECB must be cautiousECB won’t solve fiscal problems with the use of Transmission Protection Instrument
This article was written by Greg Michalowski at www.forexlive.com.
