BlockBeats News, June 5th, Lazard Asset Management's Chief Market Strategist Ronald Temple stated that the Eurozone inflation continues to fall, coupled with the consistently dovish language of European Central Bank officials, making this Thursday's rate cut almost a certainty.
The ECB had previously defined a 1.75%-2.25% interest rate range as a neutral monetary policy level. "Any signal of a change in this view would be surprising. Given the more aggressive trade stance the United States has taken towards the EU, it is still expected that rates will be lowered to 1.5% by the end of the year."
According to LSEG data, the money market expects rates to be around 1.70% by the end of the year, slightly higher than the strategist's prediction. (FXStreet)
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