Goldman Sachs have ECB rate cuts from Q3 2024 as their 'base case'

<p>The European Central Bank decision and presser, ICYMI:</p><ul><li><a href="https://www.forexlive.com/centralbank/ecb-leaves-key-interest-rates-unchanged-in-october-monetary-policy-meeting-20231026/" target="_blank" rel="follow" data-article-link="true">ECB leaves key interest rates unchanged in October monetary policy meeting</a></li><li><a href="https://www.forexlive.com/centralbank/lagarde-opening-statement-past-hikes-are-increasingly-dampening-demand-20231026/" target="_blank" rel="follow" data-article-link="true">Lagarde opening statement: Past hikes are increasingly dampening demand</a></li><li><a href="https://www.forexlive.com/centralbank/lagarde-qa-now-is-not-the-time-for-foward-guidance-its-time-for-data-dependency-20231026/" target="_blank" rel="follow" data-article-link="true">Lagarde Q&amp;A: Now is not the time for foward guidance, it's time for data dependency</a></li></ul><p>Via Goldman Sachs note in response to the ECB on Thursday:</p><ul><li>says ECB rate cycle is complete and expect rate cuts from the Bank to begin in Q3 of 2024</li><li>add that if three is a sharp economic slow down, or a bigger than estimated deterioration in the employment market, rate cuts could be shifted forward in time</li></ul><p>European Central Bank President Lagarde </p>

This article was written by Eamonn Sheridan at www.forexlive.com.