By way of ING come their common pre-European Central Financial institution assembly superior Cheat Sheet. Maintain this useful for December 14!
- Heading into the European Central Financial institution’s December assembly, there’s rising proof that the Governing Council is cut up concerning the messaging being offered to markets. The widely arch-hawk Isabel Schnabel dropped robust dovish hints by ruling out fee hikes this week, and markets at the moment are pricing in 135bp of cuts within the subsequent 12 months. We see a superb probability that the general message at this assembly will fall in need of endorsing aggressive fee lower expectations.
Earlier posts on whats to come back from the ECB:
- Goldman Sachs forecasts first rate cut from European Central Bank (ECB) in April 2024,
- Deutsche Bank now sees the first ECB rate cut in April
- Traders have more or less priced in a rate cut by the ECB for March next year now
This text was written by Eamonn Sheridan at www.forexlive.com.
