ECBs Lane in a Faz interview says:
No one is talking about dramatic rate cutsWe are in a zone of normal central bankingECB task is to bring inflation back to 2%That task is mostly completed and inflation to remain close to 2% in the coming monthsService inflation still too highThe main focus of ECB monetary policy is on the medium-term horizon. The neutral interest rate can only be estimated and it is a long-term concept. In the long term the neutral interest rate could be around where we are now. This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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