2024-01-25 18:50:00 ET
Summary
- The European Central Bank left interest rates unchanged, without conveying any urgency to start cutting rates in the next few months.
- It seems most likely that June or July would be the preferred time to start cutting rates.
- Markets in Europe have priced in 125 to 150 basis points (bps) of rate cuts this year, but I think that’s overzealous.
By David Zahn, CFA, FRM, Head of European Fixed Income, Franklin Templeton Fixed Income ...
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ECB In Little Rush To Cut Rates