Report
Will the ECB turn dovish?
Next week’s major event will undoubtedly be the ECB’s meeting on March 7. The Flash estimate for February confirmed the downward trend in prices, coming in at 2.6%, even though core inflation fell less sharply than expected (to 3.1% vs. 2.9% expected). More importantly, in a few days’ time, the ECB will probably revise its own inflation projections downwards next Thursday, reinforcing the idea that the central bank could cut rates as early as June. Moreover, unlike the Fed, a genuine consensus seems to be forming within the Governing Council around a first cut in June, which is in line with our own scenario.
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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.
Cyril Regnat
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