So, they're now revising their forecast to see the ECB cut rates in both April and June by 25 bps each. That fits with what markets are already more or less pivoting towards. The odds priced in for a rate cut in April are now at ~73%. But market pricing only shows a near full 50 bps by the time we get to July though.
Nomura now sees the ECB cutting rates this month
- The firm previously only forecast the ECB to cut rates in June
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