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ECB: Final stop before the cut
Incoming data since the ECB’s March meeting has had something for both the doves and hawks. Signals of a bottoming out of the eurozone economy, with some improvement in lending growth and confidence indicators, should encourage the hawkish team not to rush into rate cuts. At the same time, the slightly faster-than-expected fading away of inflationary pressures could motivate some Governing Council members to even ask the question as to why not start to cut rates already next week. Let’s not forget that the ECB’s staff projections in January had inflation returning to target in the second half of 2025, while ... (full story)
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- Posted: Apr 3, 2024 2:36am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,911
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