August 23, 2024 at 06:05AM
He says that inflation trend in the euro area is consistent with further gradual ECB rate cuts. Adding that with the projections now assuming two more rate cuts by year-end, there is “no reason now not to follow through” on that.
I would take that as meaning two rate cuts at the minimum. Currently, markets are pricing in ~64 bps by year-end with a September rate cut locked in already.
This article was written by Justin Low at www.forexlive.com.
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