Base case for the ECB is “on hold” … but watch the euro

ABN -Amro’s forecast base case for European Central Bank depo rate “on hold” … but … 

  • We think it would take significant further euro strength for the cost-benefit analysis to shift towards a rate cut.

On current performance it doesn’t seem the EUR will be showing much significant strength, it does seem stuck. However, something to eye. 

ABN -Amro's forecast base case for European Central Bank depo rate "on hold" ... but ... 

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