Report
ECB April meeting: Baseline of June cut confirmed
As widely expected, policy rates were left unchanged at the ECB’s April meeting. Assuming no material change in the inflation outlook , the ECB things that it “would be appropriate” to ease policy in June . A likely delay in Fed rate cuts does not worry the ECB too much, though the development of the exchange rate will be one input to watch for the June inflation projections. We continue to expect a rate cut by June.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Dirk Schumacher
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