Deutsche Bank now sees the first ECB rate cut in April ...Middle East

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Deutsche Bank now sees the first ECB rate cut in April
Earlier today, the ECB's Kazimir said market bets for a Q1 rate cut are 'science fiction'. Deutsche Bank disagrees.In a preview for next week's ECB decision, the German bank changed its call and now sees:150 bps in ECB rate cuts in 2024 vs 100 bps previouslyThe first cut to come in April and it will be 50 bps with another 50 bps in June. Previous call was for 25 bps in June"A significant risk" of a cut in MarchAs for next week, DEB economists anticipate that the ECB will recognize the faster-than-expected decline in inflation but will be cautious about declaring victory over inflation too soon. Lagarde will emphasize the data-dependent nature of its policies, indicating that the duration of

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