ICYMI – Deutsche Bank forecast 3 European Central Bank rate cuts in 2024

Deutsche Bank has scaled back its expectations for ECB interest rate cuts in 2024 to three, from previously projecting five:

  • expect 3 25bp rate cuts this year
  • “We are updating our ECB baseline to a more gradual – and uncertain – easing cycle”

DB do expect 5 cuts in total, just later for the final 2:

  • “We retain the same baseline terminal rate, but three quarters later than in our previous view.”

Bloomberg reported the change of forecast on Tuesday EUR time.

Lagarde spoke overnight ICYMI too:

This article was written by Eamonn Sheridan at www.forexlive.com. Source