ECBs Wunsch is on the wires saying:
- I see a path for initiating rate cut this year.
- Cost of remaining time for too long is seen to outweigh the cost of premature easing.
- There is room to cut 50 basis points but when will depend on data.
- The need for critical evaluation of ECBs modeling framework, role of models in policymaking.
Comments are not too out of line except they are broad in scope.
