- It makes sense for interest rates to reach 2% by the summer
- Risks to French growth forecast (0.9% for 2025) are to the downside
- But we do not see a recession happening
With economic woes mounting in Europe, the ECB has to sell the story that they’ve done enough on the inflation front. And that will continue to be the case as they look to cut rates again at the end of this month.
This article was written by Justin Low at www.forexlive.com.
