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ECB's de Guindos: Speedy tempo of disinflation prone to decelerate this 12 months

  • Disinflation course of to pause briefly at the start of the 12 months
  • Progress developments are extra disappointing
  • Incoming knowledge point out that future stays unsure, prospects tilted to the draw back

That is a extra balanced take in comparison with a number of the more moderen dovish commentary. But when anything, it appears to be extra simply to handle market expectations of any imminent fee reduce within the months forward.

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

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