ECB's Lagarde: 'We are not there yet' on rate cuts, need more data

<ul><li>We need to be further into the disinflationary process before cutting rates</li><li>The next move will be a cut</li><li>Wage data is critically important</li></ul><p>There has been a dovish turn from the ECB this week, including Nagel today. It's bizarre that they're waiting on wage data, which is the most-lagging data point.</p>

This article was written by Adam Button at www.forexlive.com.