No cut seen in July at the ECB ...Middle East

Reuters is reiterating and ECBs sources piece released on Bloomberg earlier. That isECB governors see a July cut as unlikely. The ECB is focused on September as a potential rate cut meeting.A summary of the press conference from ECB Pres. Lagarde:In October 2022, inflation peaked at double digits, but by September 2023, it had reduced to 5.2%, and currently, it stands at 2.6%. President Lagarde emphasized the need for more data to confirm the disinflationary path, noting that while restrictive measures were more pronounced in September, various factors such as base effects and wage trends could introduce uncertainties. Wages, particularly in the services sector, play a significant role in in

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