ECB’s Escriva: a 25 bps cut next week is a likely scenario

• A 25 bps cut next week is a likely scenario.
• ECB needs to wait for hard data to confirm forecasts.
• Incoming information points towards converging to 2% inflation goal.
• It is unclear whether there will be inflation spillovers from US policy.
• To retain full optionality is more important than ever.

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