ECB's Vlucic: September ECB meeting is very open

<p>ECBs Vlucic is on the wires saying:</p><ul><li>Latest reading is maybe pointing to services sector softening.</li><li>September meeting is very open</li><li>I put more weight on observables, like inflation data and real activity, and lending data</li><li>China is risk to GDP outlook</li><li>Slowing down pace of rate hike's certainly a possibility</li><li>Even if we pause we will say we can resume hiking</li></ul><p>The ECB is expected to raise rates in July. ECB Lagarde (and other officials) have said that policy is data dependent going forward.</p>

This article was written by Greg Michalowski at www.forexlive.com.