- ECB fee cuts are supportive of development
- Present uncertainties emphasise the dependence on recent information on the financial system
- Will base choices on evaluation of inflation outlook, dynamics of core inflation, and in addition the power of financial coverage transmission
To sum up, he is simply saying that the ECB is on the suitable path in slicing charges. And that future choices will very a lot be information dependent nonetheless because the inflation battle continues to be not over.
This text was written by Justin Low at www.forexlive.com.