The Balanced and Predictable Decision of the ECB Leaves the Debate Open for Two or Three More Cuts This Year

The Vision of the Asset Managers


Author: Funds Society, Madrid

Christine Lagarde, President of the ECB, refrained from committing in advance to future cuts and maintained a data-dependent stance

With one cut already made, attention now turns to the prospects of further cuts in upcoming meetings

The ECB promptly reminded that internal pressure on prices remains strong

For now, the market reaction has not been very violent, but volatility in sovereign debt persists amid the growing rhetoric that rates will take longer to come down than expected

Fidelity International, abrdn, DWS, Generali AM, PIMCO, Amundi Investment Institute, T. Rowe Price, AXA IM, Ostrum AM (Natixis IM), Janus Henderson, and Diaphanum share their assessments of yesterday's ECB meeting