ECB’s de Guindos: Underlying disinflation process has not been derailed at all

• Underlying disinflation process has not been derailed at all, regardless of oil price.

Oil prices are now back to where they were before the Israel-Iran conflict started. The ECB will still remain on the sidelines until September at very least although the market expects the central bank to cut in December.

This article was written by Giuseppe Dellamotta at www.forexlive.com.