- We are therefore not pre-committing to a particular rate path
- The medium-term economic outlook is uncertain
- Growth will be weaker in the short term
- Further ahead, the eurozone economic recovery should start to gather steam
The market has been reading the signals from ECB policymakers and data and now sees just an 8% chance of a 50 bps cut.
This article was written by Adam Button at www.forexlive.com.
