Comments from officials suggest gradual rate cuts, with President Lagarde's 'data-dependent' approach supporting a somewhat hawkish stance amidst high services sector inflation, strengthening the euro.
Market rebounded as ECB maintained interest rates; officials avoid specific rate path, believing balanced inflation and economic risks will drive prices close to 2%.Expectations hint at two more cuts in 2021, but Lagarde emphasizes non-precommitment to rate path.
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