Traders are increasingly betting on a 50 basis-point ECB rate cut by June, following ECB President Lagarde's mention of a possible rate cut in the summer. State Street, however, believes the market is being too aggressive in predicting an ECB rate cut in April.
Bets on an ECB cut in April are ‘too aggressive’ for State Street https://t.co/1Cfo3b9FhB via @TomMackenzieTV https://t.co/YFB0VSvm1s
State Street sees the market getting ahead of itself in betting that the ECB will start cutting interest rates in April https://t.co/7iCYH9qmwP
State Street sees the market getting ahead of itself in betting that the ECB will start cutting interest rates in April https://t.co/ARxeusbMZD
Lagarde’s talk of summer ECB rate cut sees traders bet on April https://t.co/BFIaWHowmF via @alicegledhill1 @jrandow https://t.co/vAP3etOLce
🔴 TRADERS ADD TO ECB RATE-CUT BETS, SEEING 50BPS OF EASING BY JUNE.