ecb minutes, 2024-03-06
In response to investors’ expectations of lower downside tail risks to economic activity and a slightly bumpier path of disinflation, rate markets had priced in a substantially shallower easing cycle in the euro area, with expected cumulative interest rate cuts by the end of 2024 having declined notably from around 160 basis points in late December to around 90 basis points at present.
Sentiment: neutral
Topic: mp_interest_rate