The European Central Bank decision and presser, ICYMI:
- ECB leaves key interest rates unchanged in October monetary policy meeting
- Lagarde opening statement: Past hikes are increasingly dampening demand
- Lagarde Q&A: Now is not the time for foward guidance, it’s time for data dependency
Via Goldman Sachs note in response to the ECB on Thursday:
- says ECB rate cycle is complete and expect rate cuts from the Bank to begin in Q3 of 2024
- add that if three is a sharp economic slow down, or a bigger than estimated deterioration in the employment market, rate cuts could be shifted forward in time
European Central Bank President Lagarde
This article was written by Eamonn Sheridan at www.forexlive.com. Source