Amundi Sees ECB Cutting Twice More Even as Traders Bet It’s Done
Christine Lagarde at a rates decision news conference in Frankfurt, on Sept. 11.
Photographer: Alex Kraus/BloombergThe European Central Bank will cut interest rates two more times as economic growth is likely to remain lackluster, according to Amundi SA’s chief investment officer.
The call from Vincent Mortier is at odds with trader bets on easing, which have dwindled to favor no more reductions. Money markets are currently pricing a 40% chance of another quarter-point cut by the middle of next year, down from over 60% before Thursday’s ECB decision to keep rates on hold.