UBS On-Air: Paul Donovan Daily Audio 'The ECB creaks toward a cutting cycle'

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Recorded07 Jun 2024

Publishersecure.ubs.com

Handlerec:4543867

Show notes

As expected, the ECB offered a 0.25-percentage-point rate cut, with general vagueness about the future. The rationale was also as expected—interest rates are following inflation lower. Applying the ECB’s logic to the likely path of the economy, another couple of rate cuts seem likely this year, but Lagarde was not prepared to signal that strongly at yesterday’s press conference.

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