ECB's de Cos: Core inflation has turned a corner

<ul><li>More confident that inflation trajectory might lead us to 2% target</li><li>If rates are maintained for a sufficiently long period, we could get there</li><li>Market has understood very well our communication</li><li>Growth risks skewed to the downside</li><li>It is premature to discuss rate cuts</li></ul><p>They are trying to sell the story they are right in pausing on rate hikes but I guess time will tell. We'll see how confident they can still try to be if the economy takes a worse turn in the months ahead.</p>

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