What is priced in for the ECB going into the decision today? ...Middle East

It's a universal acceptance that the ECB will cut interest rates by 25 bps later today. They've telegraphed that quite clearly to markets over the last few weeks. So, don't expect any surprises on that front whatsoever. But in terms of market pricing, what are traders seeing for the remainder of the year?In total, traders are now pricing in ~64 bps of rate cuts by the ECB for 2024. That includes the one coming later today.So, that reads as something along the lines of two to three rate cuts for the year. In other words, another one or two more 25 bps rate cuts after this month.Is that a plausible expectation though?Given the circumstances, the ECB won't pre-commit to further moves. But there

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What is priced in for the ECB going into the decision today? ...Middle East

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