• Key elements strengthens the case for further rate cuts
• Current conditions make further policy easing conceivable

That’s a slight nod towards further easing but it’s still a little vague when there’s no real commitment to the timeline. An April rate cut is still very much up in the air at the moment when it comes to the ECB. Traders are pricing in ~65% odds of a rate cut for the time being.

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