Following the ECB’s quasi-commitment to ease policy next month, the market was pricing in around 13bp of rate cuts in coming months, close to our own forecast of a 10bp cut in the Refi rate at least in June. Term money market rates such as the 1Y1Y Eonia have fallen back to year lows, although…
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Europe Week Ahead: EZ IP, -HICP, EZ-, German-, French-, Italian GDP, BoE Inflation Report