Market prices in almost three further interest rate cuts
“According to monthly price data, which only covers part of the CPI basket but is a reliable indicator, prices rose significantly faster again in June. The full inflation data for the second quarter will not be published until Monday.”
“However, if the trend is confirmed, this could reinforce the impression that the central bank may have reached the end of its interest rate cycle, even though it struck a very dovish tone following its meeting last week.”
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