While we don’t entirely exclude 50bp, the ECB is likely to decide on another 25bp cut. If the communication turns more dovish, then markets may going forward be even keener to price in a lower landing ...
A 25bp cut is practically certain. It's 90% discounted. Not delivering is not really a viable option, given the way the Fed behaves. But expect a hawkish cut, with a pause to be heavily intimated for ...
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