ECB's Makhlouf says not going to comment on April rate cut ...Middle East

Things are moving in the right directionDisinflation is workingBut not going to comment on rate cut for April

The narrative so far is that they're still not putting out a firm conviction for next month. But at the balance, markets are still siding with a likelihood the ECB will be cutting rates again. The money market pricing shows a ~65% probability of that, not much changed at all from before the PMI data today. Trump tariffs on 2 April will be a key consideration but also the next Eurozone CPI report on 1 April.

This article was written by Justin Low at www.forexlive.com.

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