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Lagarde clear about not committing to cuts
The ECB meeting ended with markets showing little reaction – the Governing Council unanimously decided to keep rates on hold. Very front-end rates with a view to September – if anything – nudged up slightly toward 20bp of easing priced for that month’s meeting and more towards 46bp for the year as a whole. The key sentence in the press conference was that the decision in September was “wide open”. While the market is already very much tilted to a cut, it got no further affirmation of that view out of Thursday's meeting. The ECB maintains a data-dependent and meeting-by-meeting approach and has not ... (full story)
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- Posted: Jul 20, 2024 4:20am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,707
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