- Looking at recent data, we are more-or-less on the projected path from the last round of ECB projections
- In light of all the recent turmoil, the economy has held up quite well in Europe (cites US trade policy and Ukraine war)
The market is pricing in about a 30% chance of an ECB rate cut by year end, with no scope for a move next week.
This article was written by Adam Button at investinglive.com.
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