ECB's Stournaras: US tariffs not an obstacle to April rate cut
US tariffs will impact economic growthUS tariffs to negatively impact euro area GDP growth rate by 0.3% to 0.4% in first yearThe inflation path remains unchangedThis seems to be the start of the narrative building towards a rate cut in the next two weeks. But markets are already quite prepared for that with the odds priced in at ~93% at the moment. This article was written by Justin Low at www.forexlive.com.
- US tariffs will impact economic growth
- US tariffs to negatively impact euro area GDP growth rate by 0.3% to 0.4% in first year
- The inflation path remains unchanged
This seems to be the start of the narrative building towards a rate cut in the next two weeks. But markets are already quite prepared for that with the odds priced in at ~93% at the moment.
