It is widely expected that the ECB cuts the policy rate at 25 basic points to 2.00% (8:15 am New York, 1:15 PM London), BBH FX analysts report.
Attention focuses on lagarde and divided vote
“President Christine Lagarde’s press conference is 30 minutes later. The ECB will publish updated macroeconomic projections. At the last policy meeting of April 16-17, the ECB unanimously decided to cut the policy rate at 25 basic points to 2.25% citing that ‘the disinflation process is well aim commercial. ‘”
“This time we doubt that the decision to cut the policy rate is unanimous, since some responsible for the ECB (Holzmann, Nagel, Müller and Schnabel) have recently indicated their preference for a pause. A divided vote can lead to a modest upward adjustment in the expectations of ECB rates in favor of the euro. ECB relief in the next 12 months and that the policy rate will reach its lowest point between 1.50% and 1.75%. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
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