ECB's Muller: I would like to see Q1 wage data before moving on rates

• It would be a mistake to act too soon and have to correct
• The ECB needs to be patient with the first cut

Given that eurozone GDP growth will be around 0.5% this year, I don't see any risk in cutting too early but they certainly do. The market doesn't see the first cut until June in any case, so he's hardly pushing back.