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Futures Markets Fully Priced for 25 bps ECB Rate Cut

Futures Markets Fully Priced for 25 bps ECB Rate Cut

Bitget2024/10/17 08:59

On Oct. 17, LSEG data showed that money markets were ready for a 25 basis point rate cut from the European Central Bank, which the market sees as 100 percent likely.Michael Brown, senior research strategist at Pepperstone, said the current backdrop is one of a faster-than-expected slowdown in inflation and a rapid loss of economic momentum. He wrote in a report, “Accompanying the rate cut is likely to be the now-familiar repetitive wording that policy will follow a ‘meeting-by-meeting’ and ‘data-dependent’ approach, with the MC not making any pre-set pre-commitment to a future interest rate path.

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