ECB's Šimkus: Last week's data were as expected
GDP and inflation data were as expected; haven't changed thinkingCan afford to reduce restrictionExpects other rate cuts beyond JuneSees three rate cuts for this yearIt just reinforces the point that June is a done deal and that they're not going to pre-commit to anything after just yet. This article was written by Justin Low at www.forexlive.com.
- GDP and inflation data were as expected; haven't changed thinking
- Can afford to reduce restriction
- Expects other rate cuts beyond June
- Sees three rate cuts for this year
It just reinforces the point that June is a done deal and that they're not going to pre-commit to anything after just yet.
