ECB Is Doubtless To Minimize Charges Earlier than Fed, BNP Paribas AM Says

The European Central Financial institution is more likely to lower rates of interest within the spring, earlier than the Federal Reserve does, because the eurozone economic system is weaker than that of the U.S., Daniel Morris, chief market strategist at BNP Paribas Asset Administration instructed Dow Jones Newswires.

“It will make extra sense that the ECB cuts first,” he mentioned in an interview. An preliminary ECB price lower in March or April is “conceivable.”