ECBs Sinkus is on the wires saying:
- Two more cuts are possible in a 2024 if data is as expected
- ECB should not limit rate moves to projection meetings
- Adds that a case before a July interest rate cut has gone
ECBs Lagarde and other members implied after the last decision that July was likely not going to be a cut meeting. So not that surprising. There are 4 more meetings after the July 18th meeting.
This article was written by Greg Michalowski at www.forexlive.com.
