> ECB's Centeno says should start interest rate cuts sooner rather than later

ECB's Centeno says should start interest rate cuts sooner rather than later

Centeno argues that there is no need wait for wages data, due in May, before making any rate decisions

Monday, 29/01/2024 | 09:05 GMT

Inflation is decreasing in a sustained manner
Almost all factors that drove prices up have dissipated
Should start cutting rates sooner rather than later, but avoid abrupt moves
No need to wait for wages data in May to make rate decisions
There are no visible second-round effects of wage hikes

This will just serve to feed market hopes of a rate cut in April, which is ~98% priced in currently. The euro is struggling a little on the session, with EUR/CHF in particular down 0.4% to a two-week low of 0.9325 now.