• Monetary policy normalisation is showing impact on slowing inflation
• But it is premature to think about rate cuts at this stage
• Even with the unprecedented streak of rate hikes, there is no guarantee for rate cuts in 2024

It’s all just more pushback by the ECB as they are not quite ready to pivot just yet. But we all know that rate cuts might be coming sooner rather than later if things stay on trend in the months ahead.

This article was written by Justin Low at www.forexlive.com.