The bank economists are reluctantly changing their tune on ECB rate cuts with the March 8 decision upcoming. Several have come out today and said they no longer expect the ECB to cut this year. Others are now forecasting just one cut instead of two.
Bloomberg shows 3 of 57 economists surveyed sticking to their rate-cut guns for next Thursday.
It’s times like this when the dismal science is at its dismalest; the OIS market has priced out the chance of cuts for awhile and none are priced in for the next 12 months.
