Great overview about the possibility of October cut! However, I believe economic conditions in the Eurozone are less favorable compared to those in the United States. Today's industrial production data from Germany further highlights the overall fragility of the Eurozone. In my opinion, there's still enough time for Schnabel and Nagel to reassess their stance before October.
Thank you Gianluca. I agree with you that they have time to reconsider. It would depend on the data, but I think their bar is quite high. For now, I believe their main concern is to avoid any communication in the September meeting that would constrain their room to manoeuvre in October.
Great overview about the possibility of October cut! However, I believe economic conditions in the Eurozone are less favorable compared to those in the United States. Today's industrial production data from Germany further highlights the overall fragility of the Eurozone. In my opinion, there's still enough time for Schnabel and Nagel to reassess their stance before October.
Thank you Gianluca. I agree with you that they have time to reconsider. It would depend on the data, but I think their bar is quite high. For now, I believe their main concern is to avoid any communication in the September meeting that would constrain their room to manoeuvre in October.