German Investor Outlook Jumps to Two-Year High on Rate-Cut Hopes
- ZEW’s March expectations index rises to 31.7, est. 20.5
- Improvement comes as analysts expect ECB to loosen policy soon
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Investor confidence in Germany’s economic outlook jumped to the highest in more than two years, driven by expectations that the European Central Bank is ready to cut interest rates in the coming months.
An expectations gauge by the ZEW institute rose to 31.7 in March from 19.9 the previous month — more than predicted by a single economist in a Bloomberg survey. A measure of current conditions also improved.