Post by
flamingogold on Jun 05, 2024 10:40am
EU cuts tomorrow
High odds the EU cuts tomorrow for the first time since 2019. The BoC cut today.
When a central bank pivots, it's rarely just one and done. Look back to March 2022 when the cycle began to increase rates. While there is no way the historical lows of rates during covid are coming back, it is reasonable to expect a full point cut over the next 6-12 months.
CB's want to get ahead of the curve this time unlike during covid when they waited too long to cut allowing inflation to spike.
Comment by
flamingogold on Jun 05, 2024 10:42am
correction on that last sentence... "CB's want to get ahead of the curve this time unlike during covid when they waited too long to increase allowing inflation to spike."