Over at Econostream, they have an interview with the ECB's Stournaras where he offers a dovish take.
"Everything points in the direction of a cut in April," he said "but this is not April."
As for terminal rates, he said 1.50% was "too extreme" and that he sees 2.00% in light of German fiscal stimulus announcements.
That's a dovish take on April as the market is at 64% but the terminal pricing is at 1.89% so that should balance it out.
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