European Central Bank to chop charges by 25bp at the moment – right here's a 'cheat sheet'

Ahead of each European Central Bank meeting ING distribute their awesome ‘cheat sheet’.

Preamble:

• ECB widely expected to cut by 25bp
• after the recent inflation slowdown
• We explore how a market positioned for a predictable outcome could react to a surprise hold or more dovish guidance. We retain a bias for higher front-end EUR rates, and further pressure on EUR/USD would probably need to come with some defensive pre-election positioning.

This article was written by Eamonn Sheridan at www.forexlive.com.