ECB's Simkus: 25 bps rate cut needed in April ...Middle East

25 bps rate cut needed in April.US tariff announcement warrants more accomodative monetary policy.We need to move to a less restrictive policy stance.Worsening of trade tensions can be deflationary in the medium term.Policy is currently still more restrictive rather than neutral.Even with another cut, will still only be at the upper bound of neutral interval.US tariffs announcement much more disappointing that anticipated.Undershooting risk already up before April 2, must carefully monitor.

This is not a surprise at all. The markets were already 100% sure of a cut.

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

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