ECB's Villeroy: Nobody suggested rate cuts at latest meeting

<ul><li>We will bring inflation back down to 2% target by 2025</li><li>Important signal yesterday was the changed inflation outlook</li><li>Monetary policy transmission is slightly faster than initially expected</li><li>We are on a plateau, "have to take the time to enjoy the view"</li><li>Will be guided by data when determining next policy steps</li></ul><p>As much as they don't want to say it, they could be just on the cusp of breaking out the news at any point. It all depends on the data in the coming months but once the pivot kicks in, it could be a fast one. Just ask the Fed.</p>

This article was written by Justin Low at www.forexlive.com.