Europe or UK could leapfrog the Fed on rate cuts
Cooling inflation and sluggish economies give the European Central Bank and the Bank of England leeway to start cutting interest rates. But when will they jump?
London | Monetary policy is a bit of a moveable feast right now, but the expectation seems to be that the US Federal Reserve will not cut interest rates until June and the Reserve Bank of Australia will wait even longer.
In that case, it’s just possible that the central banks in Britain and the 20-country eurozone will get there first. The top bet is that they’ll move with the Fed in June, but there’s a chance one or both could jump even earlier.
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