"The date for a first tax cut is starting to become more clearly visible" and "the arguments in favor of a cut are strengthening."
We read this in the minutes of the ECB Governing Council of 6-7 March, which however adds that on that date the governors had "consensus on the fact that it would be premature to discuss a rate cut on this occasion".
In fact, "patience and caution are still needed" regarding the decline in inflation.
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