Snippet via Bank of America on what's to come from the European Central Bank in the next year:
- We expect the ECB to finally start its cutting cycle ... with the first 25bp of 200bp by July-2025.
- We do not expect clear guidance on what's next but remain convinced that an inflation undershoot would force the ECB's hand.
![ecb rates 06 June 2024 turn around](https://images.forexlive.com/images/ecb%20rates%2006%20June%202024_id_a957fb33-dcb8-4705-a727-90bb50effe1a_size900.jpg)
Its been a long road higher, turnaround Thursday today!