ECB OFFICIALS DISCUSS INFLATION AND MONETARY POLICY
ECB OFFICIALS DISCUSS INFLATION AND MONETARY POLICY
ECB Vice President Luis de Guindos expects inflation to start converging to the 2% target by spring.
Services inflation remains the main concern; a cautious monetary policy approach is necessary.
ECB Chief Economist Philip Lane states that the 2% inflation target will be reached soon.
January services inflation came in softer than expected.
Focus on neutral rate should be minimized; rate cuts are still expected in March.
EUR/USD remains narrow, up 0.1% at 1.0393, with large option expiries at 1.0400.
