The ECB is currently at 2.75% and a cut next week is fully priced in. A further cut in April is 60% priced in while there is just a 26% chance implied by the market of three cuts by the end of June. I think the survey may have failed to capture the recent more-hawkish comments from Schnabel.
This article was written by Adam Button at www.forexlive.com. Read More Details
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