ECB's Nagel: After a June cut, ECB will probably have to wait until September for next move
Source Fxstreet
European Central Bank (ECB) Governing Council Member Dr. Joachim Nagel noted on Friday that a wait-and-see period before a follow-up rate trim would likely follow an early rate cut from the ECB.
Key highlights
The wage uptick wasn't a surprise.
The wage uptick is linked to high inflation rates of the past.
Core and headline inflation are both decelerating.
The ECB can probably cut rates in June.
There is no autopilot on rate cuts.
After June, we will probably have to wait on the next move until September.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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The EUR/USD pair trades in positive territory around 1.1755 during the early European trading hours on Friday.
