ECB's Knot: We now have a credible prospect of 2% inflation in 2025

<p>The ECB is increasingly teeing up a rate cut in the March-June window.</p><ul><li>We now have a credible prospect that inflation will return to 2% in 2025</li><li>The only piece that's missing is the conviction that wage growth will adapt to lower inflation</li><li>As soon as that piece of the puzzle falls in place, we will be able to lower interest rates a bit</li></ul><p>The eurozone is already in recession or very close. They should be cutting already.</p>

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