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“The ECB is unlikely to resist the change in monetary policy direction announced by the Federal Reserve for long”
“The recent statements by members of the ECB board, in particular by President Lagarde, seem to want to guide the markets to price the start of the cycle of rate cuts starting from June”, he explains to Affaritaliani.it Dario Angelinoresponsible for the advisory symphony sgr.
“We believe that the ECB could cut rates by 75-100 bps in 2024 starting from June, once it is sure that the decline in inflation is considered long-lasting and sustainable. The exact timing and extent are still uncertain but it is unlikely that the ECB will resist for a long time the change in monetary policy direction transmitted by the Federal Reserve, which should start cutting rates during the second quarter”, he concludes.
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