- Does not see any automatism in rate cuts
- A June rate cut has a higher probability than one in April
The ECB will break for the summer right after its July meeting. So, if even the more hawkish members are compliant with a June move, it is pretty much a done deal now. That is barring any major shocks or surprise developments in the next two months.
This article was written by Justin Low at www.forexlive.com. Source