- We successfully overcome inflationary process.
- Tariffs imposed by US are deflationary.
- Monetary policy is in a cycle of reducing rates.
- All data indicate cycle will continue in 2025.
- Euro Area inflation rate will drop further and approach 1% by the beginning of 2026.
- I don’t know at what pace rate moves will happen.
At this rate, we will hear from all the 26 members of the Governing Council saying that they won the battle against inflation. He sounds more dovish than the other members because he’s the most dovish one and he’s held this stance for a long time.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
