• Don’t see persistent economic stagnation, inflation undershooting
• A 50 bps move would require projections showing persistent undershooting of inflation
• Don’t see a situation where rates would need to fall below neutral
• Euro weakness not creating inflationary pressures

The message has been consistent across the board from the ECB since last week. So, this just adds to that.

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