ECB's Panetta: It would be incautious to act on rates before seeing Q2 data

  • Remarks by ECB executive board member, Fabio Panetta
  • ECB could end negative rates cycle after deciding when to conclude QE in Q3

That's a fair bit underwhelming but it fits with the notion that there are divisive opinions within the ECB on how quickly they should engage in rate hikes. As for moving away from negative rates, well let's just say I will believe it when I actually see it.

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