They will cut whether they want to or not its the only path forward for ECB. And rates will go deeper south than they think.
ECB's Wunsch: No big risk in waiting or not for data for cuts
<EUR=>:*ECB'S WUNSCH: NO BIG RISK IN WAITING OR NOT FOR DATA FOR CUTS— Cable FX Macro (@cablefxmacro) February 12, 2024
Added at 11:53am
ECB’s Wunsch: Risks Not Big Either Way, Whether We Wait for More Data or Not
European Central Bank Governing Council member Pierre Wunsch on Thursday said that while an argument could be made for deferring monetary policy easing until more data became available, the risks of deciding not to continue to wait were also not great. Speaking briefly to Econostream following a public appearance, Wunsch, who was recently appointed to a second term at the head of the National Bank of Belgium, said that the ECB would eventually have to decide whether to cut or not with whatever information then available, but that it made little difference whether the ECB cut earlier and more slowly or later and ... (full story)
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