TechFlow, July 23 — According to Jinshi Data, Gabriele Foa, analyst at Algebris Investments, said in a report that due to uncertainty over tariffs, the European Central Bank's rate cuts could exceed current market expectations. The portfolio manager stated: "Trade tensions and tariff developments may push the terminal point of the easing cycle slightly lower than current market expectations."
LSEG data shows that money markets currently expect the ECB to cut rates by another 25 basis points in December. Foa noted that the spillover effects of tariffs on Europe may take longer to materialize.
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