• Core inflation holding around 5% could require rate hike in September, possibly beyond
• Not yet seeing beginning of slowdown in core inflation

That’s a better take as he even goes as far as to attach a figure for what may be a trigger. It’s all down to the data now to confirm if there will be any further rate hikes beyond the summer for the ECB then.

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