ECB's Nagel: I believe that we can now take the time to look at the situation ...Middle East

We are no longer restrictive I believe that we can now take the time to look at the situation firstWe now have maximum flexibility

Several 'ECB sources' reports after last week's decision indicated that policymakers are planning to pause at the July meeting. The market is pricing only one further cut from here.

This article was written by Adam Button at www.forexlive.com.

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