ECBs Nagel is on the wires saying:

• Probably have to wait on the next move until September (HMMMM)
• The wage uptake was not a surprise.
• Core and headline inflation are both decelerating after June.

Most ECBs members are looking for a June cut but are cautious about projecting additional cuts going forward.

This article was written by Greg Michalowski at www.forexlive.com.



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