| Delayed 18:03:03 01/07/2024 BST | 5-day change | 1st Jan Change | ||
| 0.6199 EUR | -0.24% |
|
-0.02% | +0.47% |
| 06:39pm | ECB, Canada join G10 central bank easing push in June | RE |
| 03:32pm | UniCredit files application to EU court on clarification of ECB obligations on Russia | RE |
(Reuters) - J.P.Morgan on Friday brought forward its expectations for the start of interest-rate cut by the European Central Bank (ECB) to June from September.
The brokerage now expects 100 basis points (bps) of rate cuts by the end of the year compared to 75 bps expected earlier.
"To avoid raising the number of cuts from three to five, we assume that the ECB skips July and then starts back-to-back cuts in September," J.P.Morgan economists said in a note.
(Reporting by Roshan Abraham in Bengaluru; Editing by Arun Koyyur)
Price
|
Change
|
5d. change
|
Capi.
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|---|---|---|---|---|---|
| 1.178 EUR | +0.02% | -0.26% | - | ||
| 0.9319 EUR | +0.04% | 0.00% | - | ||
| 0.6784 EUR | -0.43% | -0.59% | - | ||
| 0.6199 EUR | -0.24% | -0.02% | - | ||
| 0.0112 EUR | -0.26% | 0.00% | - | ||
