ECBs Villeroy is on the wires saying:
Core inflation decline is rapid, but it still remains to high.2% inflation target now within sight
The best guess estimate is that the ECB will look to cut rate at their June meeting.
Villeroy adds:
we need to take out insurance against a hard landing by starting to cut rates
This article was written by Greg Michalowski at www.forexlive.com.