Barclays now sees the ECB delivering first 25 bps charge lower in April subsequent 12 months

That matches with market expectations, with 37 bps value of charge cuts priced in for April following the ECB assembly yesterday. It’s barely lower than the close to 50 bps that we acquired earlier than the assembly, because the Lagarde & co. supplied some gentle pushback to markets. The percentages of a March charge lower priced in is at present at round 55%.

This text was written by Justin Low at www.forexlive.com.