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  • ECB's Sept Meeting: Wide Open and Shut

    From economics.bmo.com

    Sure as the sun will rise, the ECB is set to cut rates on September 12 but will be noncommittal, or wishy-washy, about what happens next. At the last meeting, President Lagarde called September “wide open”, but a cut—just the second one this cycle—is likely a done deal, as inflation has come down to a 3- year low of 2.2% and core CPI is at a 4-month low of 2.8%. Broader economic growth is still soft (in fact, Q2 GDP was revised down) although cooler inflation is boosting real household incomes. And growth in the ECB’s negotiated wages indicator slowed to 3.6% in Q2, which should green-light a cut. Meantime, ... (full story)

Why the fuck the forecast for the ECB is a rate cut of 0.6%? What do these morons have in their heads?
Quoting Cdfx
Why the fuck the forecast for the ECB is a rate cut of 0.6%? What do these morons have in their heads?
Cause ECB is going to cut at every meeting from now until end of 25.
Investing.com is showing 4% so only a 0.25% forecasted cut! Which is correct??
Quoting Banditten
{quote} Cause ECB is going to cut at every meeting from now until end of 25.
Well, this does not reflect what these imbeciles did. As far As I am concerned, the forecast is for the next meeting and that means they should expect a 0.25% cut. It does not make sense at all.
Quoting Cdfx
Why the fuck the forecast for the ECB is a rate cut of 0.6%? What do these morons have in their heads?
It appears that major news outlets have 3.65%, but I have my doubts if they really cut that much.
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