ECB's Vujčić: April or June timing for a rate cut is not a big difference

<ul><li>Rate cuts by 25 bps amount is preferable</li><li>But it is not a given that rate cuts would happen at every meeting, pauses are possible</li><li>GDP data supports view that Eurozone economy is facing soft landing scenario</li></ul><p>In the big picture, one can agree to his remarks above. However, considering what markets have priced in now, there is a decent correction to be had if the first move actually does come in June. The odds of a April rate cut are now at ~92%, down slightly after having been fully priced in yesterday.</p>

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