It's a better late than never change of heart from Deutsche I guess. The 75 bps total fits well with what traders have priced in for the ECB currently. As things stand, money markets are expecting 80 bps worth of rate cuts by the central bank.
Deutsche now sees the ECB delivering 75 bps worth of rate cuts for this year
- The firm had previously penciled in 125 bps worth of rate cuts by the ECB for 2024
