ECB’s Muller: It’s important not to pre-commit on September

• It’s important that we wouldn’t promise too much in advance.
• It’s true that at least one more cut is expected by the market but I personally wouldn’t comment.
• There are still fluctuations on inflation.
• Wage growth is not in line with the 2% target.
• It’s realistic that in next 12 months inflation will keep to decelerate.
• The Eurozone economy should recover in coming quarters although the outlook deteriorated slightly.

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