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MNI ECB Preview - April 2024: The Final Staging Post Before A June Cut

The ECB will leave policy rates unchanged in April, with focus instead on the likely first policy rate cut in June.

Central Bank PreviewHomepageCentral Bank ReportsMarketsECB - Preview

The Final Staging Post Before A June Cut

  • Given the lack of material new information since the last policy meeting, and with the ECB previously steering markets towards a rate cut in June, policy will remain on hold at the April meeting.
  • With the June cut close to fully priced by markets, there is similarly little incentive for the ECB to upscale its communication at this juncture.
  • With that in mind, any adjustment to the official communication would represent a minor surprise at this week’s meeting.

For the full publication please see:

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The Final Staging Post Before A June Cut

  • Given the lack of material new information since the last policy meeting, and with the ECB previously steering markets towards a rate cut in June, policy will remain on hold at the April meeting.
  • With the June cut close to fully priced by markets, there is similarly little incentive for the ECB to upscale its communication at this juncture.
  • With that in mind, any adjustment to the official communication would represent a minor surprise at this week’s meeting.

For the full publication please see:

Keep reading...Show less