Friday , 22 November 2024
Home Forex ECB’s Villeroy says to expect more rate cuts
Forex

ECB’s Villeroy says to expect more rate cuts

  • Expects inflation to moderate in France
  • Expects French unemployment rate to go up to around 8% before falling back

He is speaking somewhat in his capacity as Bank of France governor here. And the remarks aren’t anything that stand out. As things stand, traders have fully priced in a rate cut for December. The odds of a 25 bps move are at ~68% with the remainder tied to a 50 bps rate cut.

This article was written by Justin Low at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

University of Michigan consumer sentiment final for November 71.8 versus 73.7 estimate

Preliminary 73.0Consumer sentiment 71.8 versus 73.7 estimate. Preliminary 73.0. Prior month 70.5Expectations...

Tech giants stumble: Communication services slump amid mixed market signals

Sector OverviewThe stock market is showcasing a mixed bag of performances today,...

S&P global manufacturing PMI 48.8 versus 48.8 estimate. Services 57.0 versus 55.2 estimate

Prior month manufacturing 48.5. Prior month services 55.0S&P global flash manufacturing index...

US indices are trading marginally higher to start the day

The major US stock indices are marginally higher to start the new...