RSS ECB's Patsalides: I prefer small, gradual rate cuts

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 RSS ECB's Patsalides: I prefer small, gradual rate cuts

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  • Don't see persistent economic stagnation, inflation undershooting
  • A 50 bps move would require projections showing persistent undershooting of inflation
  • Don't see a situation where rates would need to fall below neutral
  • Euro weakness not creating inflationary pressures
This article was written by Justin Low at www.forexlive.com.
 
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