The European Central Bank may be more cautious in cutting interest rates after June
Danske Bank's Co-Head of Fixed Income and FX Research, Philip Anderson, stated in a report that the reasons for the European Central Bank to take more cautious measures after the expected rate cut in June have recently increased, but further easing should follow. We still consider rate cuts in July and September as the benchmark. A new round of speeches by ECB officials may provide more clues to understand the ECB's change in sentiment after the US softened its trade stance. (Jin10)
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