World rate paths set to diverge with ECB’s first cut
World rate paths set to diverge with ECB’s first cut
3/6/2024 6:35

The European Central Bank could open the door to a weaker euro on Thursday as its first interest-rate cut of the cycle puts the region on a divergent policy path from the US.

With a quarter-point reduction all but certain, officials will finally embrace a widening in the difference between borrowing costs on either side of the Atlantic, the implications of which they’ve discussed for months.

Source: Bloomberg

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