ECB’s Kazaks: Rates to remain at 4.00% for some time before likely cut

  • Says he’s not as optimistic as markets on the timing of the first cut
  • First rate cut could come around middle of 2024

The market is 50/50 on the first cut coming in March with 101 bps in cuts priced in for the July 6 meeting.

This article was written by Adam Button at Source