ECB's Holzmann on the wires this morning:Says he doesn't have an in-principle objection to cutting rates in JuneBut also adds that he wants to see more supportive dataAlso added that cutting rates out-of-sync with the Fed would diminish the impact of policy easing by the bankwith EZ productivity very weak, a 3.0% deposit rate could prove too tight over the long-termAlso said it's possible that inflation could do better than what the bank is currently projectingAll in all nothing too surprising here from Holzmann. This article was written by Arno V Venter at www.forexlive.com.
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