MNI ECB Preview - April 2024: The Final Staging Post Before A June Cut
Apr-08 14:52By: Bruce Jeffery
The Final Staging Post Before A June Cut
- Given the lack of material new information since the last policy meeting, and with the ECB previously steering markets towards a rate cut in June, policy will remain on hold at the April meeting.
- With the June cut close to fully priced by markets, there is similarly little incentive for the ECB to upscale its communication at this juncture.
- With that in mind, any adjustment to the official communication would represent a minor surprise at this week’s meeting.
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