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MNI PODCAST: FedSpeak-ECB To Cut By About 150BP This Year

EXECUTIVE SUMMARY

  • The ECB is likely to cut rates by about 150 basis points this year, and could start to do so by as soon as March, former ECB economist Riccardo Trezzi says.
  • The eurozone should avoid recession, with post-Covid economic signals distorted. “Covid was an incredible shock and generated lots of misallocation across the sectors, so maybe the signals that you get in one sector are more than compensated in other sectors."
  • The real neutral rate of interest has likely risen since the pandemic in both the eurozone and the U.S.
Listen to the full podcast here

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MNI Rome Bureau | +34-672-478-840 | santi.pinol.ext@marketnews.com
MNI Rome Bureau | +34-672-478-840 | santi.pinol.ext@marketnews.com

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