ECB’s Muller: No need for further rate cuts

• The ECB is running a slightly accomodative policy
• The economy is set to benefit from a pickup in domestic demand

This is what the majority of ECB policymakers have been repeating. The European Central Bank is done with rate adjustments and it’s now just watching how the economy evolves in the next months.

They have also made it clear that slight deviations from their inflation target on either side won’t be a reason for an adjustment. For inflation, they will look at the underlying inflation, so Core CPI.

This article was written by Giuseppe Dellamotta at investinglive.com.