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Nordea's Von Gerich: the Threshold for Interest Rate Cuts Has Risen
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According to Nordea's Jan von Gerich, it's pretty much a coin toss whether the ECB will cut interest rates again this year. Von Gerich estimates that if there were one more rate cut, the 12-month Euribor could easily fall below 2%.
Market Consensus Eric Muller (Muzinich & Co) Of all the events that have taken place in Europe this week — EU-US trade negotiations, PMI indices, confidence surveys and the IFO business climate index in Germany — the ECB meeting was expected to be the least transcendental. Markets generally anticipated that rates would remain unchanged, with limited future orientations. Although rates remained stable, the press conference [...]
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