Snippet via Bank of America on what’s to come from the European Central Bank in the next year:
- We expect the ECB to finally start its cutting cycle … with
the first 25bp of 200bp by July-2025. - We do not expect clear guidance
on what’s next but remain convinced that an inflation undershoot
would force the ECB’s hand.
Its been a long road higher, turnaround Thursday today!
This article was written by Eamonn Sheridan at www.forexlive.com.
