MondayOver the weekend, the Chinese March PMIs beat expectations across the board:Manufacturing PMI 50.8 vs. 50.1 expected and 49.1 prior.Services PMI 53.0 vs. 51.5 expected and 51.4 prior.ECB’s Stournaras (dove – voter) over the weekend shared his views on monetary policy:If inflation develops in line with our March forecast and if this trend continues until the end of the year, I believe that this year we will have reductions in key interest rates from the ECB.Personally, I think the reduction of interest rates by four times this year, by 25 basis points each time, is possible.This is not yet a unified view. Some colleagues are more cautious and beli
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