Commerzbank economists analyze the European Central Bank's (ECB) rate expectations and their implications for the Euro (EUR).
After all, the first interest rate cut won't come in spring
A silver lining of economic hope on the horizon, combined with an ECB that is probably still not satisfied with the wage trend, as it may hinder further inflation successes, are good reasons to assume that the first interest rate cut won't come in spring after all. Especially since the ECB will have much more data at its June meeting, especially really reliable data on the wage trend.
Although there are no longer many who expect it to be in April, in the end they could reach the conclusion that a cut in April is unlikely, despite all the successes achieved so far with inflation. This, in turn, could lend a hand to the Euro, with which the EUR/USD pair could approach the 1.0900 level throughout the week.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
