Free Trial

MNI BRIEF: Chances Of ECB Cut Before Summer Break Rising-Nagel

The probability the European Central Bank cuts interest rates before the summer break “is increasing”, with the June meeting having a higher probability than April’s, Bundesbank Governor Joachim Nagel told an MNI Webcast event on Friday.

However, he added that he sees no “kind of automatism” or clear sequence once the ECB start cutting rates and that it will continue with its data-dependent approach. The easing cycle should run at a smooth rhythm during this year and 2025.

“We should be cautious”, he said, noting that volatile energy prices and wages could provide surprises. (See MNI SOURCES: ECB Cut Expectations Range From 50-100BP In 2024)

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

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.