ECB's Panetta says awaiting data to confirm disinflation outlook

<ul><li>Disinflation is happening, is strong and will continue</li><li>Monetary conditions should adjust but awaiting data first to confirm disinflation outlook</li></ul><p>This just reaffirms the current ECB stance of being data-dependent. Amid all the pushback by policymakers though, traders are still well convinced of a April rate cut at this stage. The odds of that are no longer fully priced in but are still sitting at ~94% currently.</p>

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