The results of the latest Reuters poll of analysts’ outlook for the European Central Bank:
All 85 respondents
predicted the ECB
would leave its deposit rate at 4.00% on January
25
- 21 predict the first ECB rate cut in April
- 3 say March
- 38 say June
- 23 predict the first cut coming in Q3
In the Reuters report is this from BMO on the chorus of ECB officials pushing back against near-term rate cuts:
- “If you’re hearing the ones (policymakers) that are the most
talkative out there,
which are the hawks … almost all of them
have been pushing
against the possibility of an ECB rate cut at
least in the coming
months,” - “But
stranger things have happened, so I wouldn’t be
surprised if they do
an earlier rate cut. Our view is still that
they’re going to go
in June, so we’ll stick to that in the
meantime.”
European Central Bank dates for 2024
This article was written by Eamonn Sheridan at www.forexlive.com. Source