Markets by Region
| 2024/06/07 / Erste Group Research |
| ECB cuts CORRECTION |
ECB cuts CORRECTION Due to a faulty translation an error ocurred in yesterday's Shorte Note. We of course expects after the next rate cut in September, two further rate cuts before the the end of the year. As had been widely expected, the ECB Governing Council decided to cut the three key interest rates by 25 basis points (bp) to 3.75, 4.25 and 4.5%. It was clear from the press release that the ECB wants to keep speculation about further interest rate cuts in check. Reference was made to the continuing high price pressure and the still high wage growth. It was also confirmed that the Governing Council would decide from meeting to meeting and that decisions would depend on incoming data. Following today's decisions and statements, we continue to expect the next rate cut in September and two further rate cuts, also of 25bp, before the end of the year. |
 Download PDF (138kB)
|
General information
| Author | Erste Group Research |
| Date | 2024/06/07 |
| Product type | short note/ daily |
| Product name | Short Notes Major Markets |
| Topic in focus | Macro/ Fixed income |
| Language |  |
| Market cap | - |
| Availability | All [1] |
| Download |
Analysis and Forecasting
| Date | Headline | Download | |
| 2024/06/20 | | Bosnia and Herzegovina | Growth to remain subdued in 2024 |  |
| 2024/06/20 |  | Akciové trhy - denní zpráva | |
| 2024/06/20 | | Ranní restart | |
| 2024/06/19 | | Akciové trhy - denní zpráva | |
| 2024/06/19 | | Ranní restart | |