ECB's de Guindos: Rapid pace of disinflation likely to slow down this year

<ul><li>Disinflation process to pause temporarily at the beginning of the year</li><li>Growth developments are more disappointing</li><li>Incoming data indicate that future remains uncertain, prospects tilted to the downside</li></ul><p>That's a more balanced take compared to some of the more recent dovish commentary. But if anything else, it seems to be more just to manage market expectations of any imminent rate cut in the months ahead.</p>

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