ECB’s Panetta: ECB to Stay Flexible, Decide Meeting by Meeting

• ECB Outlook Faces Substantial, Difficult-to-Quantify Risks.
• Risks include US tariffs, Israel-Iran conflict.

Nothing here in terms of forward guidance. The ECB just cut rates by 25 bps at the last meeting and mentioned that they were near the end of their easing cycle. The central bank will remain on pause at least until September before deciding whether another rate cut is warranted. The market sees higher probabilities for the next cut coming in December.

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