The market isn’t pricing in much in terms of interest rate cuts from the European Central Bank so this isn’t a big surprise but ECB President Christine Lagarde spoke with Finnish TV and said:
- “We are in a good place and we have to make sure that we stay in that good place”
- “There is no preset pace”
- “We have done a lot already.”
- “We don’t expect significant movement up or down in relation to inflation”
- “what I would say is that the euro area in general has shown more resilience than anticipated.”
The market is pricing in about a 35% chance of a single cut by mid-2026.
This article was written by Adam Button at investinglive.com.
