BlackRock Predicts ECB Rate Cuts Before the Fed

IconCrypto News Terminal22 Apr, 2024

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BlackRock Predicts ECB Rate Cuts Before the Fed

BlackRock, the world’s most important asset manager, is predicting that the European Central Bank will begin chopping interest rates before the US Federal Reserve. “We see the ECB beginning to lower rates in June while the Fed seems increasingly likely to follow suit a bit later this year,” asserted Amanda Lynam, global head of BlackRock's macro credit research, and Dominique Bly, credit research analyst. Previously on April 22, 2024, “Amanda Lynam, head of BlackRock's macro credit research, and Dominique Bly, credit research analyst, said the European Central Bank (ECB) is "likely to start cutting rates before the US Federal Reserve." "We see the ECB starting to cut rates in June, while the Fed is increasingly likely to cut later this year," they explained.”

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