New forecast from Goldman Sachs
Goldman Sachs has reduced the number of interest rate cuts it expects the European Central Bank (ECB) to make.
Goldman Sachs has projected that the European Central Bank will begin cutting interest rates in June rather than April, as previously expected.
Goldman Sachs has lowered its expectation for 25-basis-point cuts from six to five.
According to data from Eurostat, the EU's statistical office, inflation in the 20-country Eurozone fell from 2.8 percent in January to 2.6 percent in February, coming in below the 2.5 percent expectation.
News Source: 12punto
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