• A rate cut pause in April should be on the table.
• Inflation risks might be on the upside.
• The likelihood of a rate hike in 2025 is limited.
• Tariffs would be bad for growth and inflation.
• ECB is facing a difficult balancing act.

Wunsch has been warning about cutting rates too fast as the risks to the inflation outlook changed. He prefers to wait for the actual data to guide the next moves.

This article was written by Giuseppe Dellamotta at www.forexlive.com.