ECB's #Simkus warns the last mile of inflation will be bumpy, indicating further cuts are possible if baseline conditions hold. #ECB #Inflation #InterestRates

ECB's #Wunsch: Market pricing on the ECB rate path looks reasonable. A July cut is possible but requires caution. #ECB won't use TPI for fiscal issues, needs convincing to cut rates more than twice. ECB's #Simkus: Don't limit rate moves to projection meetings. July rate cut gone.