ECB's Praet says they may cut deposit rate further if needed

ECB chief economist speaking to La Repubblica. Livesquawk reporting.

– ECB hasn’t run out of anti-inflation ammunition 

"I

thought there would have been some bumps in the short end of the yield

curve, but that the reaction of the other markets would be driven from

the rest of the package. In the end what we got it makes sense: there

was an improvement in market conditions of credit, which it is positive

given that the situation was getting worse. "

Not a million miles away from what Draghi said in real terms. Draghi said they shouldn’t need to cut further if conditions don’t worsen and Praet’s just saying the option is there if needed.

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