ECB hawks take aim at rate cut bets for first half of 2024
© Reuters. A view shows the European Central Bank flag and the flag of the European Union in front of the ECB Building in Frankfurt, Germany, September 14, 2023. REUTERS/Wolfgang Rattay/
The ECB ended an unprecedented streak of 10 consecutive rate hikes last week and investors are now pricing in some chance of a cut as early as April, despite President Christine Lagarde's insistence that this is premature. "I would be surprised if we would need to lower rates during the first half of the next year," Simkus told reporters in Vilnius.
"Only then will we be able to say the tightening cycle is completed and move on to the subsequent – monitoring – phase," Kazimir said.
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