Market chatter that ECB will 'tweak' its statement in March, odds of June rate cut firming
Thursday, 15 February 2024, 22:11
Via unnamed sources quoted by a newswire:
The European Central Bank is likely to 'tweak' its policy statement at its 7 March meeting. The reports go on to say that the largest bloc of voters on the Bank's Governing Council (the policy-setting committee) is coming together around a rate cut in June (meeting is on the 6th).
No further detail.
Overnight from the Bank:
This article was written by Eamonn Sheridan at www.forexlive.com.This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.