Another ECN official has joined the push back against those pricing in imminent rate cuts

<p>European Central Bank (ECB) Governing Council member Boštjan Vasle, Governor of Banka Slovenije, has joined many of his colleagues in pushing back against market expectations of imminent rate cuts. </p><p>Said that those in the market looking for rate cuts soon as springtime are getting ahead of themselves</p><p>Vasle was speaking at Euromoney conference in Vienna, reports on his remarks come via Bloomberg, gated.</p><ul><li>“For me, personally, it’s absolutely premature to expect the first cuts at the beginning of the second quarter.”
Inflation must be headed back to the 2% target “to be able to change the course of what we are doing,” </li><li>a lot of volatility in inflation … and that’s why we are very careful with what we are expecting</li><li>says labor markets are still very strong, the ECB needs to be careful on the pass thought of wages inflation</li><li>ECB needs to see fiscal policy supporting lower inflation</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.