19:30, 1 February, the analyst Ram said that the European Central Bank largely chose to maintain its previous guidance after the rate cut, so there was nothing to make traders question their pricing, that is, the European Central Bank will take a more cautious easing stance after the first quarter. The European Central Bank still states that it will continue to 'follow a data-dependent and step-by-step approach... (and) will not pre-commit to a specific interest rate path.' This makes it more likely that the wording of the statement will be adjusted in March, as the European Central Bank will update its macroeconomic forecasts by then. This result has largely been priced in by the market, which also explains the moderate reaction of the euro seen at present.
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Piyasa analizi: Avrupa Merkez Bankası'nın ilk çeyrekten sonra daha dikkatli bir gevşek tutum alması bekleniyor
19:30, 1 February, the analyst Ram said that the European Central Bank largely chose to maintain its previous guidance after the rate cut, so there was nothing to make traders question their pricing, that is, the European Central Bank will take a more cautious easing stance after the first quarter. The European Central Bank still states that it will continue to 'follow a data-dependent and step-by-step approach... (and) will not pre-commit to a specific interest rate path.' This makes it more likely that the wording of the statement will be adjusted in March, as the European Central Bank will update its macroeconomic forecasts by then. This result has largely been priced in by the market, which also explains the moderate reaction of the euro seen at present.