January 21, 2025 at 09:37AM
There is a plausible consensus that we will act at each meeting
Among major central banks, ECB has the simplest course
Our view on inflation is quite assured
Staying vigilant but not worried about inflation
Progress towards victory against inflation is on track
If we are decisive about the pace of rate cuts, we don’t need larger ones
But would not rule out larger rate cuts in the future
He is just delivering a reminder to markets that the ECB will be cutting rates next week and in all likelihood, another one after in March at the very least.
This article was written by Justin Low at www.forexlive.com.
ECB’s Villeroy: We are not on a pre-set course on rates