ECB's Lagarde: It is likely that we will cut rates by the summer

<p>Well, this is at least more informative but contradicts her point that the aggressive bets on rate cuts pricing is not helping their task at the central bank. Just by these words alone, it solidifies the likelihood of a rate cut between April to July at least. Not quite the best showing by Lagarde here in Davos.</p>

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