RSS ECB's Lane: The argument for cutting by 50 bps was to show we are no longer restrictive

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 RSS ECB's Lane: The argument for cutting by 50 bps was to show we are no longer restrictive

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  • Forward rates curve shows that delivering on 2% target requires more rate cuts to come

Well, they did remove the wording that rates were "sufficiently restrictive" after their policy decision last week here. That even as they did settle on a 25 bps rate cut, instead of a 50 bps move.

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