ECB's Patsalides: I prefer small, gradual rate cuts ...Middle East

Don't see persistent economic stagnation, inflation undershootingA 50 bps move would require projections showing persistent undershooting of inflationDon't see a situation where rates would need to fall below neutralEuro weakness not creating inflationary pressures

The message has been consistent across the board from the ECB since last week. So, this just adds to that.

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

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