UBS On-Air: Market Moves
UBS On-Air: Paul Donovan Daily Audio 'Prices, policy, and politics'
12 Apr 2024
ECB President Lagarde signalled nothing markets did not already know yesterday. Rate cuts are coming. Economically, the dissenters on the governing council are probably correct and rate cuts would be better now—but precise timing on monetary policy is less important when the objective is cyclical (precision matters when the aim is liquidity or managing disorderly markets).
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