HSBC: European Central Bank gradually cuts interest rates or boosts risk assets
2025-03-06 16:21:28
Hussain Mehdi, macro and investment strategist at HSBC Asset Management, said in a note that he expected the ECB to continue gradually cutting interest rates after cutting by 25 basis points on Thursday. Mr. Mehdi said the ECB's slow pace of rate cuts was likely to boost the performance of European risk assets. "Against the backdrop of fading US exceptionalism, we believe the global equity rally, including the outperformance of eurozone equities, will continue further in 2025."
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