Here's your summary from German Finance Minster's 'Shocking' ECB French Bond Remarks | Bloomberg The Pulse 07/02/24 (https://www.youtube.com/watch?v=6K345QRKfho) on the Bloomberg Television channel:
### TLDR:
The ECB's chief economist indicated that June's inflation data will not lead to immediate interest rate cuts, and there is a focus on services inflation.
### Key Points:
1. The German Finance Minister made strong statements calling ECB intervention illegal, which was deemed shocking by the interviewee.
2. The discussion highlighted the importance of European policies over local ones to address economic challenges and competitiveness.
3. The ECB's chief economist emphasized the need for extra confidence in remaining disinflation and the impact of services inflation on interest rate decisions.
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