January 22, 2025 at 09:51AM
A 25 bps cut next week is a likely scenario.
ECB needs to wait for hard data to confirm forecasts.
Incoming information points towards converging to 2% inflation goal.
It is unclear whether there will be inflation spillovers from US policy.
To retain full optionality is more important than ever.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
ECB’s Escriva: a 25 bps cut next week is a likely scenario