Morgan Stanley are forecasting ECB charge cuts of 25bp on the subsequent 4 conferences:
- October 17, 2024
- December 12. 2024
- January 30. 2025
- March 6, 2025
MS say this’ll take the ECB charge to 2.5% and near impartial.
Being near impartial will then gradual the following critical of charge cuts from the Financial institution. MS forecasts 25bp charge cuts to observe in June, September and December 2025.
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Given the uncertainty and fluidity in economies and geopolitics these calls out to Q2 and H2 of 2025 deserve a medal for bravery!