- Rate cut expectations are optimistic
- Geopolitical developments pose a risk to prices outlook
- Does not see a real recession coming to the Eurozone
They are really trying to push back hard against the current market pricing. Holzmann’s comments add to the ones earlier from Nagel here, which suggests policymakers are looking for a much farther timeline on rate cuts – or so they say.
This article was written by Justin Low at www.forexlive.com. Source