Vanguard said in the report that the ECB was expected to start cutting interest rates in June, contrary to expectations for the Federal Reserve, which is expected to stay put for the rest of the year. Although ECB policy usually lags behind that of the Fed, "this time is different."
"The divergence in domestic conditions in the eurozone is sufficient evidence of divergent monetary policies," it said, with money markets expecting a cumulative 35 basis point cut by the Federal Reserve and 62 basis points by the European Central Bank in 2024, according to Refinitiv.
Institutions: The European Central Bank will cut interest rates in June, and the Federal Reserve may abandon interest rate cuts altogether this year
2024-04-26 07:53:55
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