ECB’s Nagel: It’s important to be cautious and not overreact

• In monetary policy, it’s important to be cautious and not overreact, giving undue weight to specific announcements that could change shortly afterwards.
• We will continue to apply a data-driven approach.
• Decisions to be taken at each meeting.

It looks like the hawks at the ECB are starting to get uncomfortable with the pace of rate cuts and would prefer to get more information before adjusting further.

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