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10th Apr 2024 15:11Eurozone, Daily Monitor

  • The ECB stood pat yesterday but sent a clear signal of a first rate cut at its next meeting, on June 6.
  • We expect the Bank to cut rates by 25bp in June, and at each of the next three meetings.
  • Markets have pared back expectations of ECB cuts after the hot US CPI data; that is a mistake.

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Keywords for: 12 April 2024 Eurozone Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence