ECB's Panetta: The fight against inflation cannot be considered over ...Middle East

Must carefully monitor all factors that could hinder return to 2% targetWeak euro area economy and geopolitical tensions contributing to containing inflationBut increased uncertainty, especially contradictory US policy announcements, calls for caution on rates

As you would expect, they're still not giving anything away and not pre-committing to anything before Trump's tariffs are announced later this week. But markets are largely convinced of a rate cut in April, with odds of that now sitting over 90%.

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

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