MEAG interest rate strategy director: ECB expected rate cut has been priced in by the market

According to Jinshi, Michael Muck, head of interest rate strategy at MEAG, said that the capital market will hardly react to the expected rate cut by the European Central Bank this week because the rate cut has been priced in. He said in a report that the new macroeconomic forecasts of the European Central Bank, especially the speech of President Lagarde at the press conference, are more likely to cause market reactions. It is expected that the European Central Bank will emphasize data dependence and will not commit to a specific interest rate path.