The agency had beforehand penciled within the ECB to chop rates of interest to 2.25% as their base case. So, that is 75 bps decrease than that. With potential Trump tariffs on the playing cards, that is a key issue that might weigh on the euro space financial system subsequent 12 months. So, that in flip creates draw back dangers to the ECB’s charge outlook as nicely.
This text was written by Justin Low at www.forexlive.com.
