RSS ECB's Escriva: We still have restrictive policy

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 RSS ECB's Escriva: We still have restrictive policy

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  • We need to move to a neutral stance

This follows from his remarks in the previous day here. The ECB will meet next week and is set to cut rates again by 25 bps, with a strong likelihood of another one in March as well. The rate cut for next week is fully priced in currently.

This article was written by Justin Low at www.forexlive.com.
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