- Interest rates are now within the neutral range.
- June to depend on data, forecasts and risk outlook.
- Inflation to reach 2% in the next few months.
- Time needed to assess risks associated with tariffs.
- US Trade policy is eroding confidence.
- We must remain vigilant and agile.
Markets are pricing a 72% chance of a 25 bps cut in June and a total of 66 bps of easing by year-end.
This article was written by Giuseppe Dellamotta at www.forexlive.com.