ECB accounts: Broad consensus that it was premature to discuss rate cuts ...Middle East

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ECB accounts: Broad consensus that it was premature to discuss rate cuts
Risk of cutting rates too early was still seen as outweighing that of cutting too lateMeasures of underlying inflation had passed their peakLatest economic activity and inflation consistent with current monetary policy stanceBut further progress needed to be made in the disinflationary processContinuity, caution and patience were still needed This article was written by Justin Low at www.forexlive.com.

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