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2024-2025 Exchange Rate Forecasts From Danske Bank
Danske Bank expects that US and European central banks will cut interest rates in 2024. It does, however, consider that market pricing is too aggressive and that a correction of expectations will be a key element for global markets with financial conditions tightening. It notes; “Our view continues to be that market pricing remains too aggressive on most G10 central banks. Risks of inflation re-igniting remain given tight labour markets and areas of high wage growth and we thus still see the case for a global real rate move higher i.e. tighter global monetary conditions.” Overall, it expects tighter financial ... (full story)