The growing group of decision -makers soon calls for a break, but this will not affect the meeting next week, reports the older strategist Rabobank, Bas Van Geffen.

EBC to lower the deposit rate by 25 billion PZ at a meeting next week

“Personnel forecasts will probably include a change up to inflation in 2025, but they can be outdated. In addition, American tariffs could shorten the durability of these forecasts. “

“ECB may contain a scenario with substitute tariffs to emphasize the reaction function. Taking into account replacement tariffs, we estimate for a long time to converge inflation to the goal than ECB. “

“We expect ECB to lower the deposit rate by 25 BP at the meeting next week. Our basic matter remains one more cut in April, but we see the growing risk that the next move is delayed until June. “