ECB's Muller: I would like to see Q1 wage data before moving on rates

It would be a mistake to act too soon and have to correctThe ECB needs to be patient with the first cutGiven that eurozone GDP growth will be around 0.5% this year, I don't see any risk in cutting too early but they certainly do. The market doesn't see the first cut until June in any case, so he's hardly pushing back. This article was written by Adam Button at www.forexlive.com.

Feb 23, 2024 - 22:20
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ECB's Muller: I would like to see Q1 wage data before moving on rates
  • It would be a mistake to act too soon and have to correct
  • The ECB needs to be patient with the first cut

Given that eurozone GDP growth will be around 0.5% this year, I don't see any risk in cutting too early but they certainly do. The market doesn't see the first cut until June in any case, so he's hardly pushing back.

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