Wells Fargo expect 25bp rate cut from the European Central Bank in June, then in September ...Middle East

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We have been hearing plenty from European Central Bank officials about a basically locked-in June rate cut, but they all express caution on the path after that.I speculated earlier that this caution after June is a bit of a ruse to diminish the probability of a rout for the EUR. On ECB rate cuts Wells Fargo are not cautious:expect a 25 bp cut in June "We expect the ECB to hold rates steady in July, before delivering another 25 bps rate cut in September."base case is of rate cuts of 100 bps this yearThe caveat, says the analysts:“If wage or price inflation fails to slow as much as we expect, the risk is tilted to a lesser 75 bps of cumulative easing to 3.25% over the rest of this year”

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Wells Fargo expect 25bp rate cut from the European Central Bank in June, then in September ...Middle East

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