TechFlow news, on March 4, according to Jinshi News, Konrad Kleinfeld, analyst at State Street Global Advisors, said he expects the European Central Bank (ECB) to cut interest rates this Thursday, with two further rate cuts anticipated later this year. LSEG data shows markets have fully priced in a 25-basis-point rate cut at the upcoming ECB meeting. Following the 25-basis-point reduction in January, the remaining three cuts would bring this year's total monetary easing to 100 basis points.
"Despite recent developments and Europe's pressing need to increase defense and fiscal spending, we still believe the ECB will cautiously adjust its interest rate policy under these circumstances," Kleinfeld said. The ECB's main deposit facility rate currently stands at 2.75%.
