Goldman Sachs Delays ECB Rate Cut Prediction to June

Friday, 1 March 2024, 12:36

Goldman Sachs has postponed its forecast for the first rate cut by the European Central Bank to June, previously set for April. The decision was influenced by the February CPI data and market expectations. Currently, the market is highly confident in a rate cut in June, with only a limited chance for April.
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Goldman Sachs Delays ECB Rate Cut Prediction to June

Goldman Sachs Delays First ECB Rate Cut Prediction to June

I reckon they just wanted to wait on the February CPI data before officially releasing the note. But this call is one that most market players have been sitting on for weeks now. The odds priced in for an April rate cut are only at ~28% while a June rate cut is ~98% priced in as at time of writing.


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.


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