ECB Pres. Lagarde: Rates not necessarily on a linear declining path ...Middle East

ECB Pres. Lagarde in a newspaper interview says:Rates may not necessarily be on a linear declining path, there might be periods when we holdPossible ECB will hold rates for longer than a single meeting.Keen to see evolution of labor costs, corporate profits.Time dependent guidance on rates not helpful.The ECB cut rates by 25 basis points but it was considered a hawkish cut as some members felt that the ECB pre-committed, forcing their hand. As a result the expectations for July cut our pretty much off the table. This article was written by Greg Michalowski at www.forexlive.com.

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ECB Pres. Lagarde: Rates not necessarily on a linear declining path ...Middle East

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