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Stournaras Reiterates Call For First Cut In June

ECB

ECB’s Stournaras reiterates his view re: the first rate cut being implemented in June, in line with wider market pricing.

  • Stournaras is usually one of the more dovish voices on the ECB GC.
  • His focus on the need for gradual policy adjustments is telling when it comes to the broader train of thought on the GC.
  • The reiterations of the GC’s central thought process has allowed market pricing for '24 to stabilise around 100bp of cuts in recent sessions.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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