JPMorgan is leaning outside consensus and now sees the ECB lowering rates at each of the next four meetings, which would get them to 1.50% in September.
The consensus at the moment is for 64 bps by then, not 100 bps but they expect the recessionary headwinds from Trump’s trade war to dampen the outlook. They see the trade war taking a 1.5 percentage point bite out of GDP by the end of 2026 (from what it would otherwise be).
This article was written by Adam Button at www.forexlive.com.
Affiliate Disclosure: This site may contain affiliate links to products and services. We may receive a commission for purchases made through these links at no extra cost to you. As an Amazon Associate, we earn from qualifying purchases. Your support helps keep this site running.
For information on how we handle user data and your consumer privacy rights, please refer to our Privacy Policy. This site is operated in compliance with applicable U.S. and California consumer protection laws.
