The ECB's cumulative rate cuts during the year were 96 basis points
Following the release of the Eurozone PMI data, money market pricing suggests that the ECB will cut rates by a cumulative 96 basis points for the year, down from the 161 basis points priced in last December. Meanwhile, the likelihood of a rate cut in April was further extrapolated to around 39 per cent. The likelihood of the ECB cutting rates for the first time in June now appears to be the most likely.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Early Ethereum whale deposits 1,000 ETH to CEX, worth approximately $3.03 million
Next Week's Key Insights: A certain exchange to host Blockchain Week in Dubai; Ethereum releases Fusaka upgrade
Goldman Sachs: A rate cut by the Federal Reserve at the upcoming December meeting is almost a foregone conclusion
Trending news
MoreCrypto prices
More
