The markets closed the beginning of the week cautiously ahead of the appearance of the president of the Federal Reserve, Jerome Powell, before the financial services committees in the House of Representatives tomorrow, and before the Senate on Thursday.
A few days before the next ECB meeting and with current conditions, it will be normal for the ECB to delay rate cuts until further notice. The majority of Council members advocate carrying out the first action in June. The prospects for declines that are being assessed after the meeting are too aggressive and there is enough time left to be susceptible to being corrected.
The European inflation data published during Friday's session indicated that prices are declining, although not at the expected rate, which the market interprets as the ECB's best pretext to maintain the current rate until summer. Therefore, the focus of this meeting will be on Lagarde's speech and possible indications from him about when the cuts will begin.
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Economic News, ECB