Deutsche Bank has scaled back its expectations for ECB interest rate cuts in 2024 to three, from previously projecting five:expect 3 25bp rate cuts this year“We are updating our ECB baseline to a more gradual – and uncertain – easing cycle” DB do expect 5 cuts in total, just later for the final 2: “We retain the same baseline terminal rate, but three quarters later than in our previous view.”---Bloomberg reported the change of forecast on Tuesday EUR time. Lagarde spoke overnight ICYMI too:ECB Pres. Lagarde: We will cut rates soon, barring any major surprises This article was written by Eamonn Sheridan at www.forexlive.com.
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