European CentralBank to cut rates by 25bp today – here’s a ‘cheat sheet’

October 17, 2024
-Euro, FCHFX

October 17, 2024 at 02:27AM
Ahead of each European Central Bank meeting ING distribute their awesome ‘cheat sheet’.

Preamble:

ECB widely expected to cut by 25bp

after the recent inflation slowdown

We explore how a market positioned for a predictable outcome could react to a surprise hold or more dovish guidance. We retain a bias for higher front-end EUR rates, and further pressure on EUR/USD would probably need to come with some defensive pre-election positioning.

This article was written by Eamonn Sheridan at www.forexlive.com.

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